What is Inventory Control?
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What is profit earning ratio?
I gave cash advance of Rs. 70000 to one our enginner at site. He submitted only bills of 69000. Please tell me, how I can write these transaction in the Day book.
hi to all i have also cleared sbi exam and my interview is on 26th may 2009.can any one help to prepare for interview
What is the treatment you give for the prepaid insurance created in the year end in the month of April
what is ment by memorandom of association?
14 Answers Capital IQ, Nestle,
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what is account payee cheque
what is assessment
what are the type of cash flows?
what is the journal?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.