Reconciliation of time book
What does reconciliation of time booked and time attended tell us?
Expert
If the company is maintaining a scheme of job card and time card, the difficulty of reconciliation becomes easy as both the details are on the same card. If the time booked as per the job cards is less than the attendance time, this illustrates the idle time throughout which the worker has not done any work, although he was present in the factory. Therefore, reconciliation of time attended and time booked tells us the real amount of work done through the worker in comparison with the number of hours spent through him in the factory.
Give a brief explanation of the term accounting standard.
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
Write down the various kinds of venture capital financing?
Briefly describe the sinking fund method of calculating depreciation?
Write down the differences in material receipt?
Explain what do you understand by the TDS and the Sale tax return?
Briefly describe the term Net Profit?
Give a brief introduction of the term Repeated distribution method?
Describe the Pre defined Queries? Briefly state the definition.
Write down the consequence of depreciation of assets on profits received by owners?
18,76,764
1939482 Asked
3,689
Active Tutors
1461378
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!