Question
Write any one advantage of Tailor-made software.
✓
Answer
- It being developed according to the specifications of the user, takes care of the specific needs of the
- enterprise.The level of secrecy of data and authenticity checks are robust in such softwares. They can be
- effectively linked to some other information systems.
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Similar questions
Show the treatment of the following in final accounts when given inside the Trial Balance:
- Provision for discount on debtors.
- Closing stock.
- Commission Received in Advance.
State the meaning of:
Outstanding expenses.
Outstanding expenses.
Calculate Gross Profit on the basis of the following information:
$\frac{3}{4}$ of the goods are sold for ₹ 6,00,000.
→|
|
₹
|
|
Purchases
|
6,80,000
|
|
Return Outwards
|
30,000
|
|
Carriage Inwards
|
20,000
|
|
Carriage Outwards
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15,000
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Wages
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50,000
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The Trial Balance of Manish gives the following information:
It is decided to create a Provision for Doubtful Debts @ 10% on debtors and a Provision for Discount @ 2% on debtors. Show how the adjustment will appear in the Final Accounts.
It is decided to create a Provision for Doubtful Debts @ 10% on debtors and a Provision for Discount @ 2% on debtors. Show how the adjustment will appear in the Final Accounts.
The Trial Balance of Manish gives the following information:
It is decided to create a Provision for Doubtful Debts @ 10% on debtors and a Provision for Discount @ 2% on debtors. Show how the adjustment will appear in the Final Accounts.
It is decided to create a Provision for Doubtful Debts @ 10% on debtors and a Provision for Discount @ 2% on debtors. Show how the adjustment will appear in the Final Accounts.
What are Adjustment Entries?
Capital of Ganesh Gupta in the beginning of the year was ₹ 70,000. During the year his business earned a profit of ₹ 20,000, he withdrew ₹ 7,000 for his personal use. He sold ornaments of his wife for ₹ 20,000 and invested that amount into the business. Find out his Capital at the end of the year.
What are Outstanding Expenses? What is its adjusting entry?
State reasons for the following:
Contra entries in the Two-Column Cash Book are not posted into the Ledger.
Contra entries in the Two-Column Cash Book are not posted into the Ledger.
What is the use of Financial Statements for Potential Investors?