How to treat company managers personal expenses met by
company if he is not taking salary from company and in
future salary will be payable after deducting all personal
expenses (salary amt will be decided only at paying year).
pass journal entries
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shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
A sole trader run a business, and he takes every month fixed salary, he says this salary should not be affect in profit and loss a/c, he wants this salary transfer to his capital a/c, means he wants increased his capital - My question is as per the accounting system is it possible?
An amount of $287 written off as a bad debt in a previous accounting period was received from photo services. How to pass the journal entry?
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