If you are going for Accounts Department, you should have clear understanding of Basic accounting priciples. and if you know very well there is no difficulties to make any accounting entry whatever opposit person want to know.
1) lets say one company is making rs 100,000 & other is making 1,000,000 which one will you buy.
2) i sold fully depreciated car for rs 10,000, please pass the entries
3) entry for dividened
4) if you physical stock is less than book stock, please pass enteries
5) step for issuing material from stores
6) difference between margin and mark up
7) step for approval of legal fees
Good Evening Mr.juzar.
answer:
1.if i have the capacity to buy 1000000 and also company future is good, I will prefer to by 1000000 making company. (I thinking making is a profit not production)
2.cash a/c dr 10000
To profit & loss a/c 10000
(profit on sale of car)
3.shareholders a/c dr
To dividend a/c
4.loss in storage a/c
To stock a/c
(goods lost in stortage)
profit & Loss a/c dr
To Loss in storage a/c
(Loss tfr to p&l a/c)
5.debtors/cash a/c
To stock a/c
6.Margin - we set the margin to reach the sale/production/profit(set margin before process)
what is Mark up?
7.what is the step for approval of legal fees?
pls replay
Leave a Reply
Your are not logged in . Please login to post replies