Answer / libin kulamuttom

Capital is a liability.As loss
reduses owner's capital
we can either deduct the loss
from the capital a/c in
liability side or post it on the
asset side of a balace sheet.
Both have same effect.

Answer / megha gera

because all losses is adjust from our assets

What accounts are to be debited and credited in this case o

0 Answers  

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how will calculate gratuity.

3 Answers  

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if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

0 Answers  

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what is meaning off PLA IN EXCISE PART.

1 Answers  

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Our company deposited an amount of 20000 as FD . After the maturity period we are not received any interest and the bank deducted 2938 amount as TDS from our interest and added the interest to the principle amount and renewed the FD. then what is the journal entry for the same.

2 Answers   Spice Telecom,

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What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

0 Answers  

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Hi Everybody, 1). Can anybody tell me the Journal entry for Bank charges Rs.100 and under which account it will come. 2). Received interest from Bank what is the journal entry, under which account it will come, Awaiting for soonest reply, Thanks, Khan

12 Answers  

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What is the Journal Entry of Closing Stock (Raw Material) of a manufacturing Company

3 Answers  

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ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10

0 Answers   ABC,

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the following information wads extracted ffrom the book of a business man :debtors as on 31/12/1987 $25000 bad debts during 1987 $1000.provision for doubtful debts is to be maintained at 5%. a provision for discount is also at 2%. you are required to calculate the amount set aside in respect of provision for doubtful debts and provision for discounts on debtors respectively

1 Answers  

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what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement

0 Answers   Genpact,

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bills of exchange

6 Answers   Capital IQ,

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