Answer / shyam

If expenses incurred by Director is related to business it
will pass as
Expenses A/c ... Dr.(Mentioned appropriate expense ledger.)
To Bank/Cash A/c

If expenses belongs to his personal it will pass as
Drawing A/c ... Dr.
To bank/Cash A/c.

What is BMP in IMS

1 Answers  

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expenses incurred in the formation of the company are show in : 1)debit side in the profit and loss a/c 2)as an assets in balance sheet 3) as an liabiliies in balance sheet 4) credit side in profit and loss a/c

2 Answers  

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3- Does petty cash book link to cash book, explain?

1 Answers  

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sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?

0 Answers  

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What are three sectors of Economy?

4 Answers   DMRC,

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whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

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we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?

0 Answers  

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What is deferred tax asset or libility ? please help with the best one answer u have. thanks all

5 Answers   Carlson, DELL, Real Estate,

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Sir, I am using Tally ERP 9 licensed. Company year 2012-2013. but dispaly in tally last date of entry 25.9.2021 pls help me sir... anandhi0701@yahoo.com

3 Answers  

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What are direct and indirect taxes?

7 Answers   Genpact,

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what is valuation code and valuation modifier in sap fico

0 Answers   ABC,

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Following information is given to you: Year - Sales - Cost 2009 - 200000 - 205000 2010 - 300000 - 310000 Calculate: 1. P/V Ratio 2. BEP 3. The amount of profit or loss were sales are Rs. 325000 4. The amount of sales required to earn a profit of Rs. 5000 5. Margin of Safety for the year 2010

1 Answers  

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