Ram supplied to kumar machinery worth rs 2000 in exchange for furniture worth rs 1000, goods for rs800 and cash rs 200. show how this would appears in Ram account ?

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I am kind of confused between VAT and income tax! and am i supposed to use them both in the income statement?

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What is contra entry?

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Name three (3) fixed-income security data points, which are different from those provided for equity securities

2 Answers   Shore Infotech,

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I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.

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The balance sheet prepared for a

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Goods costing Rs.40000 was lost by fire but 3/4th of the claim was accepted by the insurance company

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vat paid on purchase is it comes on direct expenses or indirect expenses

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what is the entry pass of prepaid expense & o/s expenses?

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What are mis reports and do you prepare it?

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In tally, i want indirect expenses to be an outstanding expense for me in such a way that if i include it in the sales voucher, it should not add to the price of the product but rather only indirect expenses should be credited. How is it possible?

5 Answers  

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Explain different branches of accounting?

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