Where do you post Credit Sales in Trading or P& L Account, or should we deduct from the actual sales and put the net figures in the column. Clarify

5 Answers  

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what is the method deposit of wct in Delhi

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If we withdraw cash from OD account, is it contra entry or receipt entry

1 Answers   Zacher Company,

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Will TDS U/S 194C be deducted on total Bill Value or before service Tax of Bill Value?

3 Answers  

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Period 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 Answers  

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Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??

7 Answers   Focus,

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While closing books for the year end, We had Closing stock which is inclusive of VAT(i.e Cost price + VAT), What is the treatment of this Closing Stock in the P&L and BS , is Closing Stock Shown Inclusive of VAT (ie. Cost price +VAT) or, without VAT (ie. Cost Price)

5 Answers  

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In the case of stock transfer from one branch to another branch any reverse credit is applicable.

0 Answers  

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What is a trial balance in accounting?

0 Answers  

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How can I put Bank Guarantee Receipt entry in Tally ERP9?

0 Answers   Shaqab,

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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

0 Answers  

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What Is The Genral Accounting Give Me Details

1 Answers  

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