Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer

More Accounting General Interview Questions

what is the right process for input credit of Service tax. and on which service i can take credit.

0 Answers  


I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.

0 Answers  


What is compound journal entry?

0 Answers  


Distinguish between Profit and Loss Account and Profit and Loss Appropriation Account.

4 Answers   Genpact,


step by step TDS voucher entry in Tally 9 Please

5 Answers  






if we have taken Mobile phone for employees use ,can we taken as assests for the company ? then what is the deprecation rate ?

6 Answers  


The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

0 Answers  


What is mean by assets

2 Answers  


Can we transfer balance on gl a/c to another Gl a/c if what is the process steps and tr code?

1 Answers   SK Engineering, TCS,


Derivative

0 Answers   Bank Of America,


Do you know what is balance sheet?

0 Answers  


can i material bill book in miro without vat on transport charges ?

0 Answers  


Categories