Skip to main content

Divide the following items as Fixed Asset, Current asset, long term liabilities, current liabilities, direct expenses, indirect expenses, direct income, indirect income also write the balances

Cash in hand

Cash at Bank

Cash at Bank (overdrawn)

Bank Overdraft

Capital

Opening stock

Wages

Purchase

Carriage Inwards f

freight

Royalty on production

Gas, Water, Fuel

Motive Power

Import Duty

Sales

Discount Allowed

Discount Received

Bad Debts

Reserve /Provision for Bad & Doubtful Debt (Opening)

Commission Received

Salaries

Commission paid

Rent, rates, and taxes

Repairs and maintenance

Insurance

Carriage outward

Trade charges

Royalty on sales

Interest paid

Interest received

Advertisement

Sundry expenses

Miscellaneous expenses

Miscellaneous receipts

Income tax

L.I.C. Premium

Office expenses

Export duty

Allowances

Rebates

Sales tax

Horses and Carts

Watch Dag Squad

Loan Secured

Loans Advanced

Reserve Funds

Sinking Fund

Sinking Fund Investments

Ecology Fund

Ecology Fund Investments

Building Fund

Building

Land

Plant

Machinery

Furniture & fittings

Motor vehicles

Computer

Office equipments

Goodwill

Patent rights

Copyrights

Trade marks

Investments

Shares & Securities

G. P. Notes

Sundry debtors

Sundry creditors

General Reserve

Bill Receivable

Bills Payable

Provision for Discount on Debtors

Provision for Discount on Creditors

Lighting and Heating

Drawings

Prize Fund

Depreciation

Provition for Depreciation

Returns Outwards

Freehold Property

Premises

Leasehold Property

Loose Tools

Petty Cash

Provident Fund

Debentures Purchased

Debentures (from Public)

Loan on Mortgage

Prepared Expenses

Outstanding Expenses

Bad Debts Recovered

Accrued Incomes

Apprenticeship Premium received

Books

Newspaper and Magazine

Profit to loss a/c (Dr.)

Profit and loss a/c (Cr.)

Accumulated Depreciation

Postage and Telegram

Travelling & Conveyance

Comments

Post a Comment

Popular posts from this blog

Industrialization of Kerala: The Insiders’ Perspective

Industrialization of Kerala: The Insiders’ Perspective                                       .                         Abstract The industrial scenario of Kerala has been changing rapidly in the past couple of years. The economy has also received huge benefits from its blossoming industrial sector. The state’s opportunities in its traditional industries have provided millions with their livelihood. The strategic location of this coastal state had attracted foreign traders in the past centuries for setting up their trade centers. Kerala with all its limitations is putting every effort for the speedy industrial development of the state.   The state Government’s past industr...
1 comment
Read more

Solid Waste management in Trivandrum Corporation: Citizen’s Perspective

Solid Waste management in Trivandrum Corporation: Citizen’s Perspective Vinod. G                                                                                                                    Biju S K Assistant Professor of Commerce                               ...
5 comments
Read more

Safeguarding Consumer Rights

Safeguarding Consumer Rights—Lack of Awareness Hindering the Cause Absract Consumers face a lot of exploitation from manufacturers to retailers and service providers. So it becomes necessary to study about the awareness of their rights, need for consumer education  and related redressal mechanisms. For this, a survey was conducted among 50 consumers of consumer products at Thiruvananthapuram city. The analysis of various variables like awareness level of consumers, right to be informed, redressal mechanism indicates that a majority of consumers are unaware of the present resources and mechanisms designed by the government for protecting the interest of consumers. . It may be concluded that lack of consumer education is the major reason for the unawareness of rights and their proper use. Key words Consumer awareness, consumer rights, redressal mechanism Introduction The Maharashtra State Consumer Commission has asked Coca Cola, one of the international fizzy drinks ...
3 comments
Read more