I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

1844

what are the difference between banking institutions and financial institutions?

2156

Revenue Expenditure

2139

What are the reasons for the budget amounts not appearing on fsgs.

371

Short answer on____________Assessment Year

1828

what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?

6543

How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.

1819

Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572

2407

---------is the main or principle book of accounts

1872

What software applications have your used for accounts receivable?

1108

What are the important things to be remembered while preparing a bank reconciliation statement?

1110

Explain the importance of internal audit to the organization?

1136

how we issue the road permit to seller for receiving the rearing material

2371

can any one send me payables real time scenarious or any projects

2108

Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?

1067