iam working at hotel industry it is a small industry so, i
did'nt kept postage and telegram ledger because we are not
doing so recently we send courier that courier charges
which ledger i have to take?
Answers were Sorted based on User's Feedback
Answer / jewel jeevan
hi,You can include this exps in Office and stationery Exps
A/c.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jewel jeevan
hi,You can include this exps in Office and stationery Exps
A/c.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vaishali
hi, you can include this exp in miscellaneous expenses a/c
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / y.rama krishna
you can put this under office expenses which comes under group administrative exp
Is This Answer Correct ? | 0 Yes | 0 No |
What is a Hold and Release
Explain the Depreciation, objectives for calculating the depreciation and various method for calculating depreciation
what is real account and its advantages
i know that preliminary expenses are fixed cost but current or non current
How to pass entry in tally for payment of vat penalties?
what are the limitations of accounting conventions
Discount on issue of debentures is a __________ (a) Revenue loss to be charged in the year of issue (b) Capital loss to be written off from capital reserve (c) Capital loss to be written off over the tenure of the debentures (d) Capital loss to be shown as goodwill
What are the transactions and journal entry involved when a customer makes purchase or does payment for his own consumption or purpose through debit card?
what is book building
Hi all, can anybody help me with the mutual fund (AMC)accounting. I would like to know the accounting entries for subscriptions (premium/discount), redemptions (premium/discount), fund expenses, buying/selling securities by the fund and other fund management related accounting entries.
what is the mean of amountisation
1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.