What Is Difference Between Debtors And Creditors
| creditors | Company receives goods & services without giving cash |
| Debtors | Company giving goods & services without receiving cash |
BRS bank reconciliation statement | How To Detect And Record Changes
The bank reconciliation statement that detects and records the reason for the balance difference between the cash book and the pass book
Who Is A Speculator, Types Of Speculators And Profitable Methods
Those who make a profit by buying and selling shares in the stock market are called speculators, Anyone who sells shares leaves the stock market, and holds shares for a long term will not be considered an speculator.
Winding Up Type and order of payment
how to liquidate a company ?: Follow the rules stated in the winding up procedure to liquidate the company
How To Prepare The Cost Sheet For Tender And Quotation
The Furniture Dealers Issues An Order To The Chair Manufacturer Company For A Thousand Chairs And Asks Him To Send The Details. (Quotation).
The cost sheet is prepared for two purposes
- Find the cost per unit (for find the stock value)
- find the cost sheet profit
- find the G S T (output)
- Analyse cost
Internal needs
- tender and quotation
- price modification
External Need
What is the Ledger and How to prepar the ledger account
what is the Ledger?
The ledger is like a book that records journal accounts and previous years' closing balance entry and Those posts will be based on its title and it is through this information that the closing balances for the financial year will be calculated.
Why prepare a Ledger?
for convenience, facility, time save, easy access etc...
Documentary On Accounting History And Evolution
In this documentary you will find details about how accounting was in ancient times and how accounting evolved. That way you can know what is the main reason for account growth,
What Is The Journal? And How To Prepar The Journal Account?
1 What is the Journal ?
The Journal is a working note, it divides and records business transactions into accounts based on the golden rule for preparing the final account.
2 Why prepare a Journal account?
From the past to the present, the journal is a communication tool used by those who are already familiar with accounting to teach accounting to new beginners.
Types of transactions
- Cash Transaction
- Credit Transaction
- Credit Repayment Transaction
- Transfer Or Contra Entry
- adjustment entry
Basic Information of Cost Accounting
Cost Calculation for the Basic Information
The cost calculation method will vary depending on the items
ᐍ The simple cost sheet method can be used for products that end in one process
ᐍ
The process cost method can be used for products that end in multiple process
ᐍ
Each process must cross three stages ,At each of these stages the cost of the goods must be calculate
ᐎ
The calculation method is two types
- Calculating the cost of goods at each stage
- Should calculate the cost of goods between stage
simple process cost Accounting with example
mobile parts assembling company in india
transaction info
៵ Purchased 1000 Pieces Board $10000
៵
Purchased 1000 Pieces Battery From Power Battery Industry $2000
៵
Purchased Was 1000 Pieces Display From Samsung $15000
៵
The Camera Was Purchased From Sony For 2000 Pieces $2000
៵
Other Manufacture Unit Purchased $100000
៵
Software $120000 From google
Production Information
៵
800 Battery Was Fitting Board,Charges $800
៵
700 Display Attached Board,Charges $1400
៵
1400 Camera Fitting The Board ,Charges $400
៵
Other Manufetre Parts Fitting On Board $70000 ,Charges $4000
៵
Software $84000 And Charges $$2000
៵
50 Battery Was Sold To Spare Part Wholesalers
៵
50 Display Was Sold To Spare Part Wholesalers
process 1
process 2
process 3
process 4
process 5