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How to Transfer Money through GCC

>> May 25, 2013

If you are seeing your online bank account very carefully, you will find the information about, how did fund transfer in your bank account. Most popular system of fund transfer from one bank to another bank are NEFT and RTGS. I think, you know both system.

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How to Calculate the Value of a Firm

>> May 23, 2013

Value of firm means if today firm is sold to anybody what amount will be given to the partners of that firm. Today, everyone is smart. Everybody will study the financial statement of firm. By analysis the balance sheet and current market value of firm's assets, anybody can calculate the value of a firm.

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NEFT in india

>> May 21, 2013

NEFT in India is very good system for transferring money from one bank to another bank's branch. NEFT means national electronic fund transfer. This system uses CAS for recording the transfer.

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Centralised Accounting System

Centralised accounting system is that system in which all records are kept in one place. This place may be physical or digital. Its small form is CAS. It controls all departments and branches budgets, accounts receivables, account payable, expenditures, incomes and other transactions' records.

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How to Pass Vat Adjustment Entry in Tally

>> May 20, 2013

Yesterday, one of my follower (who is experienced accountant) came in my office for solving his accounting problem. He was taken one week ago appointment on my telephone. So, he told following problem.

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When do You Adjust the Amount of Outstanding Expenses?

>> May 16, 2013

We know that outstanding expenses are those expenses whose services, we have taken but we did not pay the cost of service. It is possible, there are lots of times when we do not pay on the time.

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Why will Some Liabilities Accounts have a Debit Balance?

>> May 15, 2013

Normally all liabilities account have a credit balance, because we have to pay the liabilities to the outside of company. But it is possible some liabilities account have a debit balance. I can explain, when this situation will happen?

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How to Configure Ratios

>> May 14, 2013

Configure's dictionary meaning is to give shape or try to best for calculating optimized answer according to our requirement. Configure the ratios means to calculate the ratios on your calculator and try to change the figure and check whether answer is more close of our requirement. For example, we need our current ratio 3 :1, so we will change some current assets or change some current liabilities and then check the answer.

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How to Calculate Debt Capacity of Company

>> May 13, 2013

Debt capacity means capacity of company to repay the Debt. To calculate the debt capacity of company is effected by lots of factors. But on the basis of risk and return in company, we can calculate or measure the debt capacity.

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Estimation for Working Capital

>> May 12, 2013

From the following information prepare an estimate of working capital required to finance level of activity of 312000 units p.a.. (52 weeks) and how will you finance the working capital
Particulars                        Per Units (Rs.)
Raw Material                     90
wages                               40
Overheads      
Manufacturing                     30
Administrative                     40
Selling                                10
                                       ------------
                                        210
profit                                   40
                                         ---------
Selling Price                     250
                                       -----------

Other Information:

1. Raw Material are held in stock for a period of 4 weeks. 
2. Materials remain in process for 2 weeks requiring 50% wages and 40% overheads. 
3. Finished goods remain in stock for period of 4 weeks 
4. Credit allowed to customers is 8 weeks but 20% of the invoice price is collected immediately. 
5. Time lag in payment of wages is 1.5 weeks and in overheads is 4 weeks. 
6. Credit available from suppliers is 4 weeks but 20% of creditors are pain 4 weeks in advance. 7. Bank balance is to be maintained at Rs. 60000.

Abhijit from India

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