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What is difference between traveling and conveyance?
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Answer / ishan
Traveling alowance is when an employee is gone out of station 4 work related to employers business....
& local conveyance is d reiumbersment of expense incured during d city ... ie. intercity traveling...
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
how to do the recurring entries or steps to follow that
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