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Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
1071Post New Accounting AllOther Questions
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
EXPAND______________ICC
Difference between cash and merchantile system?
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
what is the difference between accounts manager and finance manager?
please send me last 3 years question & solution
Name some errors which can be detected by Trial Balance
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
what are the questions commomly asked in reuter's interview.?
what is Ratio Analysis ?
what is controlership?
What is Merchandising Accounting process
Can i make invoice when my client apply for TIN Number ?
explain the difference between LIFO and FIFO?
