What account payable entry
Answers were Sorted based on User's Feedback
Answer / devendra
Expenses A/C.........
To account Payable A/C..............
Account Payable A/C........
To Bank /Cash..........
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / ravindra thakre
this year expences but not paid in this year so expenses
paid & this expences payable
exp.
telephone Bill Rs.-300 Bill March
Bill Paid April
Dr. Telephone Charges -300
Cr. Telephone Charges Payable -300
Then Paid Amount April
Dr. Telephone Charges Payable -300
Cr. Cash Or Bank -300
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / shivakumar.c
Sundry Creditors A/c Dr
To Cash \ Bank A/c Cr
| Is This Answer Correct ? | 2 Yes | 6 No |
which are the final entries while closing of books and account at the end of financial year ?
what is accounting disclosure
what do you mean by accrual & due ? What is the difference between Accrual & due?
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.
Financial Accounting
0 Answers Chartered Accountant,
What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.
Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?
A change in accounting policy is justified (a) To comply with accounting standard. (b) To ensure more appropriate presentation of the financial statement of the enterprise. (c) To comply with law. (d) All of the above.
What is the order of priority of the following. 1.Trial Balance,2.Sales Ledger,3.Journal Entry,4.General Ledger,5.Balance Sheet,6.Profit and Loss Account,7.Cash Flow and fund flows.
Tell me what is the difference between accumulated depreciation and depreciation expense?
What is the Journal Entry of Closing Stock (Raw Material) of a manufacturing Company
What is the difference between Accruals and Provisions?