A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10
2052What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Goods purchased from Mohan on credit Rs 3000 3)Salary paid to Mohan 4)A sum of Rs 120 is realized on the sale of old furniture
10 70217Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
1 3290Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
3 5690Post New Accounting General Questions
What are negative postings?What are Credit memos ?Payment Requests ?
Explain me bills receivable?
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
how pass journal entry in the month ending for input vat and out put vat
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
how can we get a leaverage in intraday market if are not a professional acount holder?
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
What qualification do you need to become an accounting professional?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
have you ever been involved in an invoice dispute? How did you manage the problem?
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
Tell me do you have any professional experience of this field?
Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?
if any otion in tallyerp9 version about doing Luxury tax work