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WHAT ENTRY PASSED IN BOOOKS OF ACCOUNT IF INVOICE BILING AS UNDER :. SUB TOTAL = 428325.45 VAT @12.5%= 53540.68 Additional vat 1%= 4283.25 ORDER DISCOUNT = (9722.99) ROUNDED OFF = 0.39 -------------------------- NET AMOUNT = 476426.00
2 4345deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason
1 3518What is the entry of Bank Cheque Dishoner? Recieve the cheque from SBA Enviro Pvt. Ltd. on dated 5 Jan2012 of Rs.500000/-. It will be dishonered on dated 10Jan2012.
1 3990we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
2053If the financial year is Jan till Dec then would we make any entry for the telephone bill of Dec, whose invoice/bill would generate in Jan of next year. If yes what would be the amount as bill is still not received and what would be the adjusting entereis. Also how to rectify the same in next year?
3 5617Post New Accounting General Questions
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
What is "deposit in transit"?
what is the head for stock trnasfer
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
Who uses accounting?
cheque deposit is a contra entry?
When we paid TDS on commission how will journal entry come
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
what is general accounting
Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.
What is mean by Asset area?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
