Account Migration with Profit and Loss Account
| dc.contributor.author | Vivekananda, Mahanta | |
| dc.date.accessioned | 2018-07-20T10:46:21Z | |
| dc.date.available | 2018-07-20T10:46:21Z | |
| dc.date.issued | 2018-07-20T10:46:21Z | |
| dc.description.abstract | In the part application will be retrieving the profit and loss account details related transactions from the remote system. The details which are used for the collation sales, the turn over cost, the working capital cost finding etc will be part of profit and loss account. Here with the help of these formulas we can make a conclusion over the total profit and loss made in the financial years. So the application modules are created to find the various accounting formulae and the result of the formulae must be matching so that application will make a conclusion that the entries in the profit and loss is in correct format and hence go with migration procedure. Now let us see how the various formulae will be helpful to find the profit and loss account is in correct format. In the profit and loss account first application will find the total collection sales and the turn over ration of current finical year. And the application will do the calculation for working capital cost finding ratio. Then application will match all the transactions and it must be working capital is equal to sum of collection sale and turnover cost. If not matching then we need to find the reason for the mistake and edit the data. Now we will discuss what are working capital cost, the turnover cost and the collection sales? The work capital cost is cost of total sales used to run the business or capital. This in not only the cash or bank cash it can be property, machine etc. so the total working capital is actual money we spend in the running of the business. And the turn over cost is total cost spending for the business sales activities added with the profit gained. And a collection sale is the income generated through the sales. So it must be always the total collection sales and the turnover cast is equal to the working capital cost. If it is not matching there it is deftly sure that there is a wrong entry made in the application. Or any entry is missing to enter. Now in the applications the program is coded to find the area where the mistake is occurred. Application will go through all the relative filed of working cost check with the prosper collection ratio and check data by date or invoice by invoice. It is better to find the formulae calculation by per day. But there will be a possibility that one bill paid in two days or within month (paid advance and balance paid later) so that we can do ratio calculation by date wise or invoice wise. | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/9707 | |
| dc.language.iso | en | en_US |
| dc.subject | Vivekananda Mahanta | en_US |
| dc.subject | 1NZ15MCA56 | en_US |
| dc.subject | Account Migration with Profit and Loss Account | en_US |
| dc.subject | MCA Project Reports 2018 | en_US |
| dc.title | Account Migration with Profit and Loss Account | en_US |
| dc.type | Other | en_US |