Purposes of pass book
Describe briefly the purposes which cause pass book of the bank and your bank book not tally?
Expert
- Cheques deposited in the bank however not yet collected
- Cheques issued however not yet presented for payment
- Bank charges
- Amount collected through bank on standing instructions of the apprehension.
- Amount paid through the bank on standing instructions of the apprehension.
- Interest debited by the bank
- Interest credited by the bank
- Direct payment by customers in the bank account
- Discredit of cheques
- Clerical errors
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Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. New plant would increase sales volume by Rs. 40,00
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