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Payment

Anil Kapoor had the following bills receivable and bills payable against Raj Kapoor. Calculate the average due date when the payment can be made or received without any loss of interest to either party. Note: Holidays intervening in the period: 15 August, 2014, 16th August, 2014 and 6th September, 2014.

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Account Current

P lends Q on 1.1.2012. The loan is repayable in 5 half-yearly equal instalments commencing on 1.1.2013. Calculate the Average Due Date. ~ 20,000 is lent by A to B on 1.1.2009. The loan is repayable in 5 equal instalments commencing from 1.1.2011. Calculate the Average Due Date and interest @ 12% p.a. From the

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What is Red-ink interest?

What is Red-ink interest? Why is it so called? State two situations where average due date technique may be used. If the maturity date of a bill of exchange falls on a day which is an ‘emergent holiday’ declared by the Government as per Negotiable Instrument Act, 1881, the date of maturity will A. fall

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DRAWINGS

Find the average due date of payment for the data given below : Date of Acceptance Due Date Amount 14.1.2014 17.2.2014 2,100 30.1.2014 3.3.2014 900 6.3.2014 9.4.2014 500 9.3.2014 12.4.2014 3,000 11.4.2014 14.5.2014 2,000 Satyajit and Prosenjit are two partners of a firm. They have drawn the following amounts from the firm in the year

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Membership fees

Subscriptions received during the year 2014                                                                                                       ~ 7,000 (i)       Subscriptions outstanding at the beginning of 2014                                                                     ~ 1,400 (iii)     Subscriptions outstanding at the closing of 2014                                                                           ~ 1,600 Calculate the amount of subscriptions to be credited to Income and Expenditure Account of the year 2014. Calculate the amount of subscriptions to be credited to Income

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Income and Expenditure

Calculate the amount of subscriptions to be credited to Income and Expenditure Account for the year 2014. ~ (i) Subscriptions received during 2014 15,000 (ii) Subscriptions outstanding at the end of 2013 2,000 (iii) Subscriptions received in advance on 31st December 2013 1,000 (iv) Subscriptions received in advance on 31st December 2014 3,000 (v) Subscriptions

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Subscriptions Income

The following information was obtained from the Secretary of the Crazy Jay Club : ~ Subscriptions received in 2014-15 as per Receipts and Payments Account 89,000 Advance subscriptions received in 2013-14 5,000 Subscriptions outstanding at the end of 2014-15 (including ~ 1,500 for 2013-14) 12,500 Advance subscriptions received for 2015-16                                                                                                    3,000 Subscriptions written-off during 2014-15                                                                                                           

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Income Statement Preparation: Statement of Retained Earnings

Detailed Instructions Download |  Charles Diggs began his new business, called Diggs Systems Company, on January 1. 20xx. The Company writes computer programs with special applications for businesses that own small computers. During the first six months of operation, the business was so successful that Diggs had to hire new employees on several occasions. Yet, he

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Government Intervention Programs: Externalities and Unintended Consequences

Detailed Instructions Download |  Analyze 1 of the following government intervention programs: Countercyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession) US agriculture support programs Assistance for Low-Income Families (choose 1) Housing vouchers Earned Income Tax Credit (including Child Tax Credit) Supplemental Nutrition Assistance Program (SNAP) Low-income healthcare (choose 1)

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