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what is the QUESTION can't UNDERSTOOD

Answer:

260is WRITE ANSWERS HOPE it Will HELP you

Answer:

2000

Explanation:

PREMIUM not TREATED as a LOSS INITIALLY..

ANSWER:

RAJESH a/c...DR

Discount a/c...Dr

to CASH a/c

Answer:

EXPLANATION:

Three of the FOUR main depreciation methods are based on time. The FOURTH is based on the amount of actual physical use of an asset. Straight-line depreciation: the SIMPLEST and most commonly used depreciation METHOD.

I THINK it will HELPS you

ANSWER:

yoppjfuoooppoopoooooo

ANSWER:

PLEASE COMPLETE the QUESTION PRECISELY

EXPLANATION:

Prepaid expenses are future expenses that have been paid in advance. In other words, prepaid expenses are costs that have been paid but are not yet used up or have not yet expired.

Generally, the amount of prepaid expenses that will be used up within one year are reported on a company's balance sheet as a current asset. As the amount expires, the current asset is REDUCED and the amount of the reduction is reported as an expense on the income statement.

Example of Prepaid Expenses

A common prepaid expense is the six-month insurance premium that is paid in advance for insurance coverage on a company's vehicles. The amount paid is OFTEN recorded in the current asset account Prepaid Insurance. If the company issues MONTHLY FINANCIAL statements, its income statement will report Insurance Expense which is one-sixth of the six-month premium. The balance in the account Prepaid Insurancewill be the amount that is still prepaid as of the date of the balance sheet.

<P>Answer:

27000

Explanation:

45k × .60 p = 27K ....

........

ANSWER:

SEARCH on GOOGLE so you GET answer

ANSWER:

Bookkeeping

Explanation:

Explanation:

golden principles of ACCOUNTING .

PERSONAL account rule

dr- the receiver.

cr- the giver.

REAL account rule

dr- what comes in.

cr- what goes out.

nominal account rule.

dr- all expenses and losses.

cr- all incomes and gains.

the journal entry will be...

advertisement a/c dr

to purchases a/c

( being goods given as sample from purchases).

ANSWER:

• Liability : Liability refers to a PERSON or a THING that can cause a lot of problems, COST a lot of money, etc.
• Stock : Stock means an amount of something that has been kept ready to use.
• Business : Business refers to the buying and selling as a way of earning money.

*Hope this will help you. plz GIVE me a thank.

EXPLANATION:

All THINGS are SIMPLE... what HELP you NEED.. ?

A business TRANSACTION is an ECONOMIC event with a third party that is RECORDED in an organization's accounting system. Such a transaction MUST be measurable in money. Examples of business transactions are: ... Selling goods to a contomer

ANSWER:

It is UPTO ₹10,000.

Hope it will be HELPFUL.

Answer:

PURCHASE A/C. 90000

to cash A/C. 90000

cash A/C. 4500

discount A/c. 500

to SALES A/C. 5000

Flor A/c. 6000

to cash A/C 5700

discount A/C 300

cash A/C 20000

discount A/C 1000

to lucky A/C 21000

EXPLANATION:

not..,............ ........

I didn't UNDERSTAND what I R TALKING about SIR

Answer:

No there is no LOSS by my expectations

Because it sells off SEASON brand which stock has FINISHED USUALLY

Answer:

20500

Explanation:

AVERAGE profit=80000+90000+76000÷3

=82000

suman's SHARE in profit=82000×3÷6×6÷12

=20500

Answer:

non current assets are those assets which are not CONVERTED into cash EASILY, GENERALLY one YEAR .

Answer:

MONEY spent by a business or organization on ACQUIRING or MAINTAINING fixed ASSETS, such as LAND, buildings, and equipment.

we KNOW v=s/t

5.5=s/2.5

s=5.5*2.5

=13.75

hope this HELPS U

<P>ANSWER:

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Explanation:

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Explanation:

Assets are presented on the balance SHEET in order of their liquidity. Current assets, which are expected to be consumed or converted to cash within one year, are listed at the top. Cash, short-term investments and inventory are examples of current assets.

Long-term assets, or FIXED assets, are expected to be consumed or converted to cash after one year's time, and they are listed on the balance sheet beneath current assets. Property (such as office space or BUILDINGS) and EQUIPMENT are common long-term assets.

Investors buy assets with the understanding that assets should hold, or even better, grow their economic value over time. Common asset classes for individual investors include stocks, bonds, cash, foreign currencies, collectibles, precious metals, real estate and commodities. A collection of assets is called a "portfolio," and it is widely believed that an individual's portfolio should include assets from several DIFFERENT categories, a process called "asset allocation

I hope This answer is Helpful..!

Explanation:

Management accounting provides information to PEOPLE within an organization while financial accounting is mainly for those outside it, such as shareholders

Financial accounting is required by law while management accounting is not. SPECIFIC standards and formats may be required for statutory accounts such as in the I.A.S International Accounting STANDARD within Europe.

Financial accounting COVERS the entire organization while management accounting may be concerned with particular products or cost centres.

ANSWER:

DRAWINGS AC DR

To CASH Ac

CONTINGENT liability:

Contingent liabilities are liabilities that may be incurred by an entity DEPENDING on the OUTCOME of an uncertain future EVENT such as the outcome of a pending lawsuit.

Provision:

A provision is a liability of uncertain timing or amount. The liability may be a legal obligation or a constructive obligation. A constructive obligation arises from the entity’s actions, through which it has indicated to others that it will accept certain RESPONSIBILITIES, and as a result has created an expectation that it will discharge those responsibilities.

HEY MATE!

HERE'S YOUR ANSWER...

Examples of INTERNAL USERS are owners, managers, and employees. External users are people outside the business entity (organization) who use accounting information. Examples of external users are SUPPLIERS, banks, customers, investors, potential investors, and tax authorities.

We can broadly DIVIDE the users of accounting information into two groups – internal users and external users. Internal users include managers and owners of the business whereas external users include investors, creditors of funds, suppliers of goods, government agencies, general PUBLIC, customers and employees.

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EXPLANATION:

plz brainlist me plz...................

The accounting equation is Assets = Liabilities + Owner's (STOCKHOLDERS') Equity. ... An owner's investment into the COMPANY will INCREASE the company's assets and will ALSO increase owner's equity. When the company borrows money from its bank, the company's assets increase and the company's liabilities increase.

Answer

1.CASH 100000

To CAPITAL 100000

2. purchase 40o0

To creditor 4000

3. Purchase 1000

To GOODS 1000

4. DRAWINGS 850

To cash 850

ANSWER:

RAM a/c .........dr

To SALES a/c

Answer:

Incremental Costs

Incremental or marginal costs come from changes in your activity. Manufacturing more parts or changing the hours a service business is open would CAUSE incremental costs to accrue. Variable costs are incremental because they vary with activity. If you pay your employees hourly and you need them to work more hours, your labor costs will increase incrementally. If you pay delivery drivers and decide to increase the amount of deliveries, you will pay more in labor costs as well as more for fuel.

 Sunk Cost

Sunk costs, also known as fixed costs, are costs that you have already incurred and should not be a factor in a decision. For example, if you decide to have your employees work three shifts instead of two, your rent should STAY the same. ASSUMING you had to pay to obtain a license to operate your business, increasing or decreasing production will not change the amount you spent to get that license. Increasing or decreasing production will not affect the amount of money you already spent designing and testing a product. You should consider only DECISIONS involving changes in activity as variable costs.

Hope this helps u : )

Answer:

Continuous Audit:

1. The coverage of the period is determined conveniently by both the client and the auditor.

2. The books of account and statements are EXAMINED continuously throughout the year.

3. The annual report and accounts can be published QUICKLY.

4. Sufficient time is available for thorough and detailed examination of records.

5. It is an effective means to detect and prevent errors and fraud.  

6. It is suitable for large business houses.

7. Frequent VISITS of the auditor may cause inconvenience to the client and may develop unfriendly relations with the auditees.

8. It helps an assessment of the current financial CONDITIONS of the business at short period intervals.

Periodical Audit:

1. The coverage of the period is usually one com­plete accounting/financial year.  

2. The books of account and statements are ex­amined at the close of the financial year.  

3. The annual report and accounts are difficult to be published quickly.  

4. Thorough and detailed examination of records is not possible due to time constraints at year-end.

5. It is not an effective means in these directions due to time constraints.

6. It is suitable for small business houses.

7. Few visits of the auditor at the year-end are convenient to both the client and the auditor and a friendly relationship exists.

8. It affords an assessment of the financial condi­tions of the business on an annual basis only.

Hope this helps u : )

Answer:

<U>Advantages of Accounting:

Accounting HELPS to maintain the business records in a systematic manner.

It helps in the preparation of financial statements.

Accounting information is also USED to compare the result of current year with the previous year to analyze the changes.

It helps the managers in the decision making process.

It provides information to other interested parties such as shareholders, creditors, investors, customers, government, employees, regulatory bodies etc.

It helps in taxation matter

Accounting information can be produced as evidence in the legal matter.

It helps in valuation of business.

Limitations of Accounting

The items expressed in monetary terms are recorded in the accountings where as the items which are nonmonetary nature not recorded.

Sometimes accounting data are recorded on the basis of estimates and which could be inaccurate.

Fixed assets are recorded as the ORIGINAL cost.

VALUE of money does not remain stable so accounting value does not show true financial results.

Accounting can be manipulated and biased.

Hope this helps u : )

ANSWER:

PURCHASE AC dr 4000

To RAM ac 4000

EXPLANATION:

golden principles of accounting .

personal account rule

dr- the receiver.

CR- the giver.

real account rule

dr- what comes in.

cr- what goes out.

nominal account rule.

dr- all expenses and losses.

cr- all incomes and gains.

the JOURNAL entry will be....

bank a/c dr 4000

to cash a/c 4000

( being cash deposited in the bank).

here bank a/c is DEBITED because it RECEIVED the cash.refer personal account rule.

here cash a/c is credited because it is going out of the business. refer real a/c rule

not me SORRY

if you CONGO

Answer:

The CONSISTENCY principle ensures that similar TRANSACTIONS are recorded for using the same accounting METHOD in different periods. ... They are ALLOWED to switch the accounting method if they can demonstrate why the change is needed and if it improves financial information.

Answer:

Explanation:

The expense is recognized throughout an asset's useful LIFE. The calculation of depreciation expense FOLLOWS the matching principle, which requires that revenues earned in an accounting PERIOD be matched with RELATED expenses.

Explanation:

REVENUES received in cash and RECORDED as liabilities before they are earned. ... 15 Post Closing Trial Balance - a trial balance completed after PREPARATION of the financial STATEMENTS and completion of the closing entries. It consists only of the balance sheet accounts (ASSETS

Explanation:

ONE of the present without compromising the ABILITY to WORK

EXPLANATION:

fuuuiiollllll the same as 8TH MAY

Answer:

purchase AC DR 49500

To CASH ac 47025

To DISCOUNT received ac 2475

ANSWER:

I don't KNOW the answer

ANSWER:

As PER CASH BASIS - 515000

As per ACCRUAL basis - 255000

EXPLANATION:

HLO, you are singke the the the same WAY I