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Define and distinguish between flexible and floating
exchange rate system.
What kind of exchange rate system does china have?
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what is excise duty and what should be the entry of purchase and sale in account books of excise
ram is withdrawn goods for personal use(sales price RS.600,Cost Price Rs.500) how to pass entry
in reply of sreedapa answer ,suppose for the m/o march telephone expense is Rs.800 and for the m/o april Rs.200 For this we will pass tthis entry : Telephone expenses Dr 800 To Tel expenses payable 800 Telephone Expenses Payable Dr 800 to Bank/cash 800 (For the m/o march) And for the m/o april, we will make the provision in the m/o March Telephone expenses Dr. 200 To Telephone Expenses Payable 200 Plz advice
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