Dear Sir,
We are running a security agencies (Man power Service
Provider)we bought security uniform from our vendor. please
suggest us, we may make entry through Purchase Entry or
Journal Entry what is suitable for accounting ???
Answers were Sorted based on User's Feedback
Answer / prabir kumar dey
This kind of transaction is not purchase but direct expenses.
Purchase entry will be created when it is sale or mian income
source for the company.
So the JV is
Direct expenses A/c ( Uniform Purchase) --- Dr.
Cash or Bank A/c ----------------------- Cr.
Is This Answer Correct ? | 3 Yes | 0 No |
Is it possible contra entry in SAP FICO
where we can deposit the TDS Monthly Collection Amount form the Employees?
What are the important things to be remembered while preparing a bank reconciliation statement?
Mr.x gets Rs66000P.M .He told that you donot cut any dedution from my salary.This is possiable please tell some useful investment
What is the difference between P&L account and Balance Income & Expenditure account ??
what is insurance ? how many types of insurance?
how to calculate PF how to calculate esi
what is branch reconciliation?what is the Procedure of Branch reconcile step by step?
2 Answers HCL, HPCL, Treebo Hotels,
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
What is accounting period?
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
0 Answers Real Group Of Companies,
Can somebody please tell that what will be the accounting entry from auditor's point of view, If a company receive a bill of Rs. 12000 for AMC of Software for the period from 01.08.2014 to 01.08.2015. bill dated 01.05.2015, Can somebody please tell that what will be the accounting entry from auditor's point of view, If a company receive a bill of Rs. 12000 for AMC of Software for the period from 01.08.2014 to 01.08.2015. bill dated 01.05.2015, what will be entry pass in 01.05.2015 in tally