How can I pass the journal entry for Work in progress. I would like to know that where should be the debit and credit allocated in accounting system. eg. WIP debit will be under asset a/c in balance sheet what about credit? pls.help me
1 15078how to make conversions from tally to ms excel sheet like profit & loss a/c and balance sheet & trial balance
3 10688work in progress for a construction company this year is Rs.5,00,000/-.In balance sheet Rs.5,00,000/- will be debited under current asset a/c but the credit would under which account.and next year what will be the entry.please answer me in detail.
6 14950During the Interview in a Company the Interviewer asked me that Why the Depreciation Rate as per Income Tax Act & Companies Tax Act differs, please answer this quetion ?
2 5941can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
2803Post New Accounting General Questions
What are the disadvantages of double entry system?
What qualities have you got that would make you a good accountant?
What do you mean by Bill of Exchnage.How to manage ? Explain
What are the different types of gst?
total assets are equal to total liabilities in final accounts ?why?
What is debit and credit note?
Define push down accounting?
What is use of subject history in banking?
What is short term solvency ratio?
Why an Expenditure is called Differed?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
salary and rent entry with tds deduct
How to pass journal entry of gifts purchased for employee by using campany ATM card
What are the steps to take before you approve an invoice for payment?
Mention what is bank reconciliation?