a started business with $20,000 cash and $11,000 stock.cash sales and cash purchases were $10,000 and $5,000. total sales and purchases amounted to $70,000 $50,000. outstanding creditors were $15,000 and debtors $25,000 .expenses paid $17,000.machine was purchased for $10,000 out of which $8,000 has been paid.trial balance total will be:

answer: $1,18,000

how?
its a bit tricky?
can anyone solve this?
pls!

In a winding up of a company, certain creditors remain unpaid.
The following persons had transferred their holding before winding up:

Name No. of Amt. due to
transfer share creditors(Rs.)
P Jan.1 1000 7500
Q Feb.15 400 12500
S Mar.15 700 18000
T Mar.31 900 21000
U Apr.5 1000 30000

The shares were of Rs. 100 each

One member named "R" who held 200 shares died on 28th Feb.1996 when amount due to creditors was Rs.15000. His shares were transmitted to his son named "X"

Z was the transferee of shares held by "T"
Z paid Rs.20 per share as calls in advance immediately on becoming a member

The liquidation of the company commenced on 1st Feb,1997 when the liquidator made a call on the present and past contributors to pay the amount

Quantify the maximum liability of the transferors of shares mentioned in the above table. when the transferee:

(1) pay the amount due as "present" member
contributories
(2) do not pay the amount due as "present" member contributories

Also quantify the liability of "X" to whom shares were shares were transmitted on the demise of his father "R"

is it neccessary to learn telly for accounting. is it benificial.

Dear Sir/Ma'am please define what is cost record, cost compliance and cost audit? and also tell about the how do you know the applicability of companies for thrice or may be anyone?

Please explain in brief about profit of pre and post incorporation

WHAT IS THE CONCEPT OF BANK RECONCILLIATION STATEMENT?
IS IT CHECKING BANK A/C WITH PASSBOOK?

i got 107 marks in cpt by doing self studies now i decided to ipcc coaching but i want help whether i do 1 group or both groups

DEAR SIR
PLEASE SEND
1.TDS DEDUCTION AND COLLECTION POSTINGS, TDS E-FILING PROCEDURE AND FORM 16 AND 16(A) ISSUING PROCEDURE.
2. WHO IS AUTHORIZE SIGNATURE ON FORM 16 AND 16(A) IN PRIVATE LIMITED COMPANY.
3. AFTER DEDUCTING TDS HOW MANY DAYS OF PROVISION TO ISSUE FORM 16 FOR DEDUCTED COMPANY

Hi Experts,
Recd loan cheque amt of Rs.11,27,646/- . the actual loan amt is Rs.11,50,000 out of this deducted Rs.22,354/- for life insurance.
My question is how to enter this in tally the whole total amt or the actual receipt amt and also want to know what is deduction for ?

the same amt of Rs.11,27,646/- is given to some on else from my end, so kindly help me in entering this

Hi all, I have a doubt regarding Huf businees. Suppose in a huf family , the senior member(karta) of the family dies. He has three son. Is the bigger son automatic becomes the karta of the family or he need to declare something with the consent of other two brothers. if yes then in how and in which form ?