Labour charges paid to labour party on tds rate ? May be deductable ? Example Iron purchase 16.500 mt. Per ton broking charges 200.00
1 2811We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry cash A/c Dr 500 customer A/c Dr 630 To Sales 1130 is this entry is correct ?if not please give me exact entry
3 3747Period I :- Sales= Rs 15000. Profit= Rs 400. Period II :- Sales= Rs 19000. Profit= Rs 1150. Calculate : a) P/V ratio. b) Profit when sales are Rs 12000. Cc) Sales required to earn a profit of Rs 2000. d) Margin of safety in period II. e) variable cost in period I.
1 5344how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
1713excess cash withdraw from bank for staff salary than remain amount deposited into bank., what will be journal entries for above transactions
2 4192I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
1838Post New Accounting General Questions
Why do you want to be an accountant?
what is an ideal organisation
What are the elements of the accounting equation?
Explain what is involved in the process of double-entry accounting?
What is the definition of manual accounting?
Tell us how can you define departmental accounting?
Explain things that fall under intangible asset?
What qualifications have you achieved?
what is tax deducted at source
Contrast bookkeeping and accounting
Tell us what is your proudest accomplishment?
what stock transfer applicable in sister concern unit.
Which steps in Procurement to Pay process does FI documents get created.
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
Tell me what is the master account?