What is the difference between the service organisation and
trading organisation
Trading organisation - it is the organisation which is doing some trade or business and profit is the main motive of this type of organisation.
Service organisation - it is the organisation which is doing some services for the welfare of the people. these are also known as Non-trading concerns or non-profit organisations.
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what is contra entry . plz explain with example.
Is it possible contra entry in SAP FICO
What will be the Journal Entry for this? Purchases goods from vendor worth Rs.20000.VAT included 4%.
hello please anyone can help me, how to prepare the bank reconciliation statement?
From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.
if A company pay salary to X 10000 after deduttion of 2000 advance and12% PF . what is the entry of it.
ADR
What is the difference between P&L account and Balance Income & Expenditure account ??
what are the entries when we sold goods on credit to some x person ? also when we sold goods for cash?
Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?
who is the best faculty in hyderabad for sap fico with real time exerience. if you know please send me his contancts
3, SURVEY EXPENSES FOR MARINE INSURANCE CLAIMS MUST BE A, addedto claim B, added to legal charges c, added to administrative expenses d, none of the above