I have received a cheque from customer and i deposited into the bank next 4-5 days cheque has been bounced by the bank. Pls tell me what is reverce entry in the tally for cheque bounced and which option i will enter in journal or payment entry. Salary . is it direct exp or indrect exp.

9 Answers   Prime Focus,

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Tell me what would you say are the most important qualities of an account manager?

0 Answers  

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What are the columns of a journal?

0 Answers  

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what you mean by amortisation

3 Answers  

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what are all the items comes under balancesheet(liability side & asset side) step by step.& also trading and p&l account. somany companies asking this type of question . please tell me...

7 Answers   IBM, IBPS, Thomson Reuters,

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Define social responsibility accounting

0 Answers  

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Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?

0 Answers  

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1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.

3 Answers  

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what is the nagative good will?

3 Answers   FactSet Systems,

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What are the functions of manger -accounts and manager-finance?

0 Answers  

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Calculation of Gross Profit Or Gross Loss give example?

2 Answers   EDS,

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wages and labour entry

1 Answers  

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