Category Archives: Answer the Questions and Become Master

What would be the cost of Closing Inventory under FIFO and LIFO methods?

January 17, 2013   Answer the Questions and Become Master   No comments
Closing Inventory consists of 1,100 units. What would be the cost of Closing Inventory under FIFO and LIFO methods? Opening Inventory 1000 units @ $ 10 $ 10,000 Purchase (1) 800 units @ $ 11 $ 8,800 Purchase (2) 500 units @ $ 14 $ 7,000 Purchase (3) 400 units @ $ 12 $ 4,800 Purchase (4) 300 units .
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About Bank Interest

August 4, 2012   Answer the Questions and Become Master   No comments

In Which group Bank Interest should be created and i have cc account of my shop so how should i manage please help me sir.

hemang khimani from India

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Question and Answer Relating to Farm Accounting

August 4, 2012   Answer the Questions and Become Master   No comments

Please provide me the solved question and answer relating to Farm accounting system which is a part of my M.Com. Exam.

Ruby Gupta from India

 

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Which is the best subjects finance and accounting in modern business ?

August 4, 2012   Answer the Questions and Become Master   No comments

Which is the best subjects finance and accounting in modern business ? why ,as well as finance is part of accounting or part of economics ?

prakashbogati from India

Both are the best and finance is the part of economics not accounting.

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Entries Problem

July 21, 2012   Answer the Questions and Become Master   No comments

I am confusing in passing the entries pls advise me in simple manner.

Gururaja from India

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Need to Make Cash Budget Based on Following Data

July 21, 2012   Answer the Questions and Become Master   No comments
Dear Sir ..i m from shimla (meettomanish@gmail.com) doing PGD in Project management from Hyderabad University. Please solve the following problem based on the below data asap. Jan Feb Mar Apr May June P October November December Total Sales of the previous year Sales forecast Receipt Rs Rs Rs Rs Rs .
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Special Excise Duty is not Calculated

July 21, 2012   Answer the Questions and Become Master   No comments

Dear Sir,
I am having a problem when we do excise purchase invoice basic excise ,education cess,secondry education cess is caculating but special excise duty is not calculating.Pls help me out
Thanks
Regards
Muralidharan from India

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Finance and Accounting

July 16, 2012   Answer the Questions and Become Master, Nepal   No comments

Which is the best subjects finance and accounting in modern business ? why,as well as finance is part of accounting or part of economics ?

Prakashs from Nepal

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Please Slove My Question

July 16, 2012   Answer the Questions and Become Master, India, Learning   No comments
Mr. Bhargava owns four houses and the details are as under: I II III IV Annual MV 20,000 16,000 24,000 30,000 FRV 24,000 30,000 20,000 24,000 Rent received 30,000 28,800 Self Self Standard rent 27,200 36,000 30,000 20,000 Municipal taxes paid 1,600 1,200 Nil 2,400 Municipal taxes due - - 1,000 .
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Prepare a Journal entry, LedgerA/c, Trial Balance, Profit &loss A/c, & Balance Sheet

July 15, 2012   Answer the Questions and Become Master   1 Comment
Cash introduced to business by Mr. sivakumar for Rs.100000. Purchase of machinery of Rs.20000 by cash. Purchase of computer of rs.25000 by cash. Cash sales of Rs.200000. Salary paid by cash of Rs.50000. Rent paid by cash of Rs. 7000. Purchase return of machinery of Rs. 5000. Sales return of goods of .
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