Answer / madhulika2011

We can make reverse entry.

vendor a/c Dr.
To Purchase a/c Cr.

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what is the difference between direct income and indirect income?

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My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

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If grant is receivable by head office, but it is directly received by branch then what entries should be passed in branch and head office in tally

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What is Hot Issue Income for Hedge Funds?

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fill in the Blanks You will always find_______________balance in cash account

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Define capital

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expand--------HNSS

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