Answer / preethi.j

it is a system in which accounting entries are made on the
basis of amounts having become due for payment or
receipt.Inshort credit basis or accrual basis of
Accounting.since it is followed by merchants,trade &
industry ,termed as Mercantile system

how do we pass the Entry for Reserves? and What is the Meaning of Surplus?

1 Answers  

---

if profit increase by 25percente, how much consumtion level ll be decrease to kept cost of goods sold same?

1 Answers  

---

Journal entry for Salary paid 100000/- in which (1)pf (2)esi (3) professional tax included

2 Answers   BPO,

---

I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?

1 Answers  

---

exchanged old furniture for new,the value of old furniture was rs 350 while the vaue of new furniture was rs 900 balance paid in cash what will be the journal entry according to you

2 Answers   Chartered Accountant,

---

Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?

0 Answers  

---

In which side Investment is comes In Balence shhet ?

6 Answers  

---

Mr.x gets Rs66000P.M .He told that you donot cut any dedution from my salary.This is possiable please tell some useful investment

2 Answers  

---

what is single entry system

1 Answers  

---

What is a ledger in regards to accounting?

0 Answers  

---

what is Cost of Goods Sold give example?

3 Answers   EDS,

---

how to pass journal entries for recivables & payables if they are paid next asses year

3 Answers   MAHINDRA,

---