Riaz Academy

Bank Reconciliation Statement Problems and Solutions Problem # 1:  From the following information, extract a bank reconciliation statement as on 31st Decembar, 2008             1.         The balance as per Cash book on 31-12.2008 Rs.12000/-             2.         Cheques issued but not presented in the bank Rs.1600/- 3.         Cheques paid into bank but not cleared before 31st Dec,08 Rs.2000/-             4.         Interest …

Learn Quick-Books Pro 2018 – Lecture # 2: INTRODUCTION Learn Quick-books Pro 2018   Lecture # 3: Download & Install QuickBooks Pro Please wait a little bit to Load In this lecture you will learn about Why the need of Quick-books or any other accounting software.  Watch Next Lecture: Lecture # 4: Quick-Books and Accounting Might You Like Followings Hope you like …

Learn Quick-Books Pro 2018 – Lecture # 2: INTRODUCTION Learn Quick-books Pro 2018   Lecture 2- Introduction Please wait a little bit to Load In this lecture you will learn about Why the need of Quick-books or any other accounting software.  Watch Next Lectures: Lecture # 3: How to Download and Install Quick-Books Pro 2018 Lecture # 4: Quick-Books and Accounting Might …

Question: What is the difference between Internal and External auditor. COMPARISON of internal and external auditor           As a process, both the types of audit have certain features common between them. For example, the techniques of obtaining audit evidence, drawing a sample, projecting sample results and the review of accounting and internal control systems are same for both the audits. However, …

BANKING TRANSACTIONS Q.1      WHAT IS BANK.? Ans.    Bank is a financial institution which deals in money. It takes money from those people who have spare it  on low rate of interest and lends to the needy people at a high rate of interest. This difference of rate of interest its income. Q. 2     WRITE THE KINDS OF BANK …

Problem .No.1                         Write up a single column Cash book from the following transactions: 2000 May-1   Cash in hand                                                           Rs.2000/-             2          Purchased merchandise for Cash                                200/-             3          Paid carriage                              …

Journal, Ledger and Trial Balance Problems and Solutions Problem-1 Record the following transactions in General Journal and post them into ledger. March.1          Anwar invested Rs.60000/- in the business. 8                   Bought furniture Rs.5000/- on credit. 10.       Purchased Supplies for Rs.1000/- 18.       Purchased Equipment Rs.1700/- 25.       Invested additional cash into …

 Journal Entry Problems and Solutions  Problem-1 Record the following transaction into General Journal during the month of January, 2008. Jan. 1 Mr. Khubaib invested Rs.100,000 into the business.        2 Purchased Land for Cash Rs.52000.       4. Purchased Building Rs.36000, paid Rs.6,000 and issued note for the remaining       8. Purchased equipment on credit Rs.13,800.      15 Sold a part …

Accounting Equation Problems and Solutions Problem No.1 Show the effect of the following transactions on assets, owner’s equity and Liabilities: 1.         Mr. Sultan invested cash into business Rs.30000/- 2.         Bought Supplies for Cash Rs. 500/- 3.         Purchased Furniture on account Rs.1000/- 4.         Paid Salaries Rs.200 5.         Earned Rs.2000/- by performing services to the clients. 6.         Paid Rent of …

General Knowledge MCQs for NTS TEST, FPSC, PPSC You will find below General Knowledge and Current Affiars MCQs with Answers for the preparation of different Testing authorities of Pakistan. Students who want to appear in NTS, PPSC, FPSC, CSS, Admission Test, Job Test of Police and others can avail benefit from below mentioned MCQs with Answers. CLICK HERE TO TEST GK …

1. What is Research We will begin our journey of developing a solid research by actually defining what research is. Now, I sometimes see that here students occasionally have problems understanding it. The basic definitions say: Research is something that people undertake in order to find out things in systematic way, thereby increasing their knowledge. This sentence has several important points …

Financial Ratio Analysis Course – Beginners to Advanced Level Lecture No.1: MEANING OF RATIOS Comparison of Two Figures is called Ratio. In this lecture you will be know about Meaning of Ratio and Types of Financial Ratios. So lets start to know about Financial Ratios This video is about the Financial Ratio Analysis. Financial Statement Analysis is a special tool to …

Q. Define Business Communication? Ans: Communication is characterized as “The stream of material data observation, comprehension and creative ability among different gatherings”.  Business incorporates those associations, which are occupied with the generation and appropriation  of merchandise and enterprises to gain benefit. Consequently Business correspondence signifies, “Stream of data, observation and so on either inside a business association or outside the …

Q. Discuss the role of effective business communication within and outside the organization. Q. Why Business Communication is called, “Life blood” of an organization? Answer:  A business Organization is a gathering of individuals related to gain benefit. Different sorts of exercises must be performed by the general population of an association in order to acquire benefit. These exercises need a powerful and …

Q. Define communication. What is the importance of communication for an individual and for an organization? Answer:  COMMUNICATION:- Definition: Communication  is  the  process  by  which  information  is  transmitted between individuals and organization, so that an understanding response results”. OR “Communication  is the process which involves transmission  and accurate  replication  of ideas, ensured by feedback for the purpose of eliciting action which …