Explore topic-wise InterviewSolutions in Current Affairs.

Answer:

NATIONAL INCOME accounting is a bookkeeping system that a government uses to MEASURE the level of the country's economic activity in a given time PERIOD .when combined with information regarding the educated population data regarding per CAPITA income and growth can be examined over a period of time .......

Hope it will help you.......

ANSWER:

✏HELLO✏

✒I THINK SO THIS GONNA ☝☝ RIGHT✔✔✒

it's MATH and I HATE MATHS SORRY

ANSWER:

vigaxiaxgiaxuqxguqgxuqx

ANSWER:

FREE POINTA BICH ARIGATO

EXPLANATION:

let os be X , then CS will be 4000+x

average STOCK =x+x+4000/2=20000

os = 18000

cs = 22000

Answer:

by deducting the AMOUNT of liability

from the VALUE of assets.in this manner we can say that the METHOD of finding out this fund is exactly same that as of calculating the CAPITAL of any business enterprise.

Answer:

PRODUCTION = 4250

LOSS = 10% of 4250=425

additional loss DUE to ABNORMAL = 425÷2

= 212.5

ANS= 4250-(425+212.5)

= 4250-637.5

= 3612.5

DEC 1:

Cash A/c Dr. 50,000

To Capital A/c 50,000

DEC 6 :

Bank A/c Dr. 20,000

To Cash A/c 20,000

DEC 8:

Purchase A/c Dr. 4,000

To Cash A/c 4,000

DEC 9:

Ram A/c Dr. 2,000

To Cash A/c 1,980

To Discount A/c 20

DEC 10:

Cash A/c Dr. 3,000

To Sales A/c 3000

DEC 11:

Cash A/c Dr. 2000

To sales A/c 2,000

DEC 15:

Purchase A/c Dr. 4,000

To Ram A/c 4,000

DEC 18:

Wages A/c Dr. 300

To cash a/c 300

DEC 20:

Cash A/c Dr. 900

Discount A/c Dr. 100

To PANKAJ A/c 1,000

DEC 22:

Cash A/c Dr. 3,000

To Bank A/c 3,000

DEC 25:

Ram A/c Dr. 500

To Bank A/ c 500

DEC 27:

Drawing A/c Dr. 200

To Cash A/c 200

DEC 31:

Salary A/c Dr. 5000

Rent A/c Dr. 1100

To cash A/c 6100

Hope this will help you!!!

Answer:

However, sharing of profit and losses is EQUAL among the partners, if the ... In this account how the profit or LOSS among the partners of the firm is distributed is shown. ... For transferring interest on capital to Profit and Loss Appropriation Account: ... as their capitals and AGREED to share profits and losses in the RATIO of 5:3:2.

Explanation:

The tax return capital accounts keep track of the value of each partner's ownership share in the partnership on the tax BASIS. Calculate and add any other increases in capital, such as each partner's share of the partnership's assumption of a loan. Total and enter each partner's increases on Schedule K-1, Section L.

Answer:

Prem and MANOJ are partners in a firm sharing profits in the ratio of 3:2. The Partnership Deed provided that Prem was to be paid salary of Rs.2,500 per month and Manoj was to get a commission of Rs.10,000 per year. Interest on capital was to be allowed @ 5% p.a. and interest on drawings was to be charged @ 6% p.a. Interest on Prem’s drawings was Rs.1,250 and on Manoj’s drawings was Rs.425. Capitals of the partners were Rs.2,00,000 and Rs.1,50,000 RESPECTIVELY, and were fixed. The firm earned a profit of Rs.90,575 for the year ENDED 31st March, 2016. Prepare Profit and LOSS Appropriation Account of the firm.Read more on Sarthaks.com - https://www.sarthaks.com/107555/prem-and-manoj-partners-firm-sharing-profits-the-ratio-the-partnership-deed-provided-that

Explanation:

ANSWER:

There is a TIME to CAPITAL in a WAY to the is a capital ISSUE and

ANSWER:

COST of ASSET -SCRAP value÷life of asset

ANSWER:

There is a TIME to change in my current email and I have will be in the PROCESS to start the application for a BRAINLIST YEAR on Friday as the

Answer:

EXPLANATION:

PLS can I click picture of QUES and then send

jididkrhjrkfmfjifkfjrjjtfitkjrjfut rbdhjrbr rdur R rurb dbrudd HDBD fdbf r DH F rvdur r f

ANSWER:

where the TRANSACTION

?

Answer:

9:3:4:4

Explanation:

A SHARE 3/5

3/5 ×1/4 = 3/20 its C share

B share 2/5

2/5 × 50 % = 1/5 it's D share

ANSWER:

SORRY but I STUDY in 9TH CLASS

ANSWER:

OK NICE 13 pounta yeassssss

I HOPE it will HELP you

EXPLANATION:

A large current account deficit usually implies some kind of imbalance in the ECONOMY, ..... SOUTH Africa's economic policy has FOCUSED on.

ANSWER:

if debit balance is given then SALARY is EXPENSE OTHERWISE income same is for commission

ANSWER:

LIVING standard,health, SECURITY is INCREASE

ANSWER:

drawing ac dr 4500

To PURCHASE ac 4500

ANSWER:

cash a/c ..dr. 170000

To capital a/c 170000

(being cash invested in BUSINESS for capital )

Answer:

CASH a/c ...dr 200000

To rajnee a/c 200000

( being cash RECEIVED as FULL settlement )

ANSWER:

BAD DEBTS a/c dr

To CASH

Answer:

1. pre paid RENT a/c dr.

to rent a/c

2. pre paid commission a/c

to commission

3. pre paid SALARY a/c.

to salary

4. pre paid wages a/c

to wages

Accrued income is income which has been earned but not yet received.

Income must be RECORDED in the accounting PERIOD in which it is earned. Therefore, accrued income must be recognized in the accounting period in which it ARISES rather than in the SUBSEQUENT period in which it will be received.

As income will be credited to record the accrued income, a corresponding receivable must be created to account for the debit SIDE of the transaction. The accounting entry to record accrued income will therefore be as follows:

Debit Income Receivable (Balance Sheet)

Credit Income (Income

Statement)

Example

ABC LTD receives interest of $10,000 on bank deposit for the month of December 2010 on 3rd January 2011. ABC LTD has an accounting year end of 31st December 2010.

ABC LTD will recognize interest income of $10,000 in the financial statements of year 2010 even though it was received in the next accounting period as it relates to the current period. Following accounting entry will need to be recorded to account for the interest income accrued:

Debit Interest Income Receivable $10,000

Credit Interest on Bank Deposit (Income) $10,000

On the date of receipt of interest (i.e. 3rd January of the next year) following accounting entry will need to be recorded in the subsequent year:

Debit Bank $10,000

Credit Interest Income Receivable $10,000

____________♥ __

HOPE YOU GOT IT

__♥ ____________

ANSWER:

INTEREST on CAPITAL A/c DR.

To capital

Answer:

Accounting Capital

Home Journal Entries What is the Journal Entry for Interest on Drawings?

What is the Journal Entry for Interest on Drawings?

Accounting and Journal Entry for Interest on Drawings

Cash or Goods withdrawn by a proprietor from the business for their personal use is labelled as drawings. Interest may be CHARGED by the business at a FIXED RATE when a business owner DRAWS funds or assets. Journal entry for interest on drawings includes two accounts; Drawings A/C & Interest on Drawings A/C.

Interest on drawings is an income for the business, hence, it is added to the interest account of the firm thereby increasing the total income of the business.

In common scenarios where interest on capital is charged by the owner, interest on drawings is also charged by the business.

Answer:

1intrest on loan a/c DR

To cash

( being intrest on loan paid)

2 intrest on loan a/c dr

To intrest on loan Paylbe

(Being intrest CHARGED but not paid [OUTSTANDING ])

3 cash a/c dr

To intrest on loan

( being cash RECEIVED for intrest on loan )

4

The below is the Journal:

Furniture and FIXTURE DR. 125000

Laptop PC. Dr. 35000

Cash / BANK ACCOUNT Cr. 160000

Answer:

1. COST ACCOUNTING - during financial year and RELATED to FUTURE
2. financial accounting- last DAY of financial year related to past
3. management accounting-bening of financial year and related to past present and future

sweet equility is a party contribution to a PROJECT in the form of labour, as opposed to finacial equility such as PAYING others to PERFORM a task

THANKS for FREE point........

18,43,000 was the AMOUNT in the his BANK account "T"

remitted by branch but not recieved by the HEAD OFFICE is DEBITED by head office to Cash in transit ACCOUNT.

HAVE A GOOD DAYYY;))))

Mohit Ltd took over assets of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd PAID to Ram Ltd by issue of 9% debentures of Rs 100 each at a premium of 20%.. What is the amount of CAPITAL RESERVE and No. of debentures to be issued to Ram Limited. *

2 points

Mohit Ltd took over assets of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd paid to Ram Ltd by issue of 9% debentures of Rs 100 each at a premium of 20%.. What is the amount of Capital Reserve and No. of debentures to be issued to Ram Limited. 

see answer

Explanation:

pls FOLLOW me and mark me as brainlist and RATE me

ong>Answer:

When a guarantee is given in respect of a single DEBT or specific transaction and is to come to an END when the guaranteed debt is paid or the PROMISE is DULY performed, it is called a specific or simple guarantee.

what are you saying

Explanation:

8dieei3o3993483844847383838383373733823744933oo84849384749348574854879385849e4548

ong>Answer:

the SCIENTIFIC STUDY of how living things function

शरीर क्रिया-विज्ञान

___

OKAY I will INBOX your answer

OKAY I will INBOX or answer

ong>ANSWER:

i HOPE it HELPS you

plzz mark me as BRAINLIST