Corporate and Management Accounting

Salary Payable A/c is an example of:

A purchased goods for the list price of ₹ 60,000 with a trade discount @ 20% and cash discount @ 5%. A paid 40% on the date of purchase. The amount of cash disc...

Purpose of Trial Balance is :

X Ltd. paid ₹ 20 Lakh as advance to the vendor to install a Hydro Power Plant. This amount is to be disclosed in the balance sheet as per Schedule III of the Co...

If the turnover of a company is Rs. Hundred crore or more then these companies can round off:

The Amount available for distribution to owners at the time of closure of business after payment of all liabilities.