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Question
1 What is cash book? Explain the different types of cash book2 Prepare a trial balance from the following
Particulars
Amount
Rs.
Purchases
8,225
Premium on lease
1,200
Wages
1,025
Loan on mortgage
2,500
Sales
12,450
Plant and machinery
2,000
Arun's capital
13,500
Provision for doubtful debts
300
Stock on 1-1-98
1,500
Sundry debtors
16,550
Salary
410
Trade charges
200
Rent and taxes
162
Bad debts
Sundry creditors
2,572
Q. Show Tax benefits of LIFO? Tax benefits of LIFO The LIFO method outcomes in the lowest taxable income and thus the lowest income taxes when prices are rising. The Internal R
Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.on..
Q. What is credit balance? If on the other side the sum of the credits exceeds the sum of the debits the account has a credit balance. For example assume that a company has an
What is accounting process?
matt schmidt company''s ledger shows the amount of
what is accounting
Start in cell E3. Complete the series of substitution values ranging from 5 to 15 at increments of 1, vertically down column E.
Calculate the amount of interest for each of the following independent situations (assume 365 days per year): a)
Q. Explain about revenue recognition principle? Under the revenue recognition principle revenues must be earned and realized before they are recognized (recorded). Earning of r
Compensation for the uncertainties inherent in supply and demand
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