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Economics, Accounting & Business: Post your doubts here!

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How was the Accounting paper??
Is cash takings banked recorded as sales??
 
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How did it go people? Hope it went well!
btw
was there a profit or a loss in the income statement?
 
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yeah i know that credit and cash sales were given but shouldnt be cash sales banked added too?
The name's Rameez not Ram :)
umm sorry rameez... no i don't think it should be added becoz out of that cash sales, cash should have been banked... if cash banked amount was higher then cash sales given than it could be possible that it was banked other than cash sale. there was also no other info. about this.... so i think it was only cr. n cash sales added together for revenue.
 
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How much was the loss in income statement ?? and did u guys get under absrrption for both machining and assembly (I dont remember it ws assembly or finishing) ? Was the invoice value 4391?
 
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