if the chegue is post dated in the time of paying pre-paid
insurense how can show the journal entry in the company book?
please show that this journal entry
The Journal Entry is as same as for Pre paid Insurance
Prepaid Insurance A/C Dr
Bank A/C Cr
When we are following Merchentile system of Book keeping,
It the is not the point of Time when you make the payment
but the Incurrence of Expence to record the same in Books
of Accounts.
Is This Answer Correct ? | 3 Yes | 0 No |
in Tally accounting programme where should I can make ledger for Work in Progress? under which accounting head? Eg. Debit will be under Current Asset a/c and what about credit? whether it is under Purchase a/c? or under Income a/c?
What is the types of Accounting Method
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
why i want to join Hawkins company
How to pass entry in Tally erp 9
what is prudence
What is mean by Asset area?
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
What is Fund Flow and how to prepare that?
what is cash discount?
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
Explain in simple terms what is the difference between asset, equity, and liabilities?