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What is the Meaning of E.& O.E ?
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Answer / h.r. sreepada bhagi
It's Errors & Omissions Excepted and not Expected.
It's generally mentioned in the invoices to take exception
to any mistake by oversight & to have option to correct the
same when noticed.
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You own 50 shares of reliance indu. On 30th Jan 2013 Reliance indu.delcared a dividend fo rs 4 per share. The proceeds were credited to your bank account on 25th March 2013. Payment fo dividend was subject to a withholding tax 2%. Please pass the necessary journal entries in your books of accounts for the period Jan and March 2013.
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