Answer / deepak sharma

terms of the agreement

What is the formula for acid test ratio in accounting?

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Company A has purchased goods worth Rs. 25000 from company B and made the cash payment of Rs 5000 and remaining will be payable with in 30 days. Assume that there is a late payment charge @ 2% on remaining amount as the invoice was received after due date from company B. Pass the journal entry in the books of company A for all the above transactions.

1 Answers   SSPL,

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Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A

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sir if we make purchase and sale for the same pary for the same amount what adjusting entry have to be passed to close that entry in tally. while taking bill wise details we can see the dr. cr.and have to cancell that

2 Answers   HEG, Optimus,

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Explain me by saying, perpetual or periodic inventory system; what do we mean?

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What do you mean by contingent liability?

10 Answers   Siemens,

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what is the difference between accrued and due

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hello friends i like to know journal entry for one loan transaction ie if you purchase a car for EMI with initial payment how to make first entry & monthly entry any thing is there? pls reply to me.

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Where a cash discount should be recorded in a journal entry?

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how long we keep invoices for recivables and there is any neccesary to keep delivery challans

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In Ledger of Capital A/c what will be the entries for Drawings a/c?

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what is tax invoices

1 Answers  

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