How to do accounting entries in Accounts Payable

0 Answers   Accenture,

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what is bank reconciliation statement?

3 Answers  

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what is DOUBLE TAXATION

2 Answers   MoveiT Infra Services,

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what is debit and credit?

1 Answers   Genpact, Infosys, Nainital Bank, Satyam,

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i have purchase goods for Rs.100 and company say you sell this goods for Rs. 80 and raised a debit note for diffrence amount and he fix 5 % commision on sales value what is journal entry passed in tell with narration?

9 Answers  

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Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

3 Answers  

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What is the purpose of a balance sheet?

0 Answers  

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Which sistuation Current Assets become worKing capital?

8 Answers   Capital IQ,

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Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

4 Answers  

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ABC Ltd is a company. Can ABC ltd send debit note to debtors?. what are you situation to send debit note to debtors ?

1 Answers  

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how to account the purchase and sale of fixed assets?

2 Answers  

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What do you mean by contingent liability?

10 Answers   Siemens,

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