how to pass entry in tally when insured item damage. But
goods purchases with in state.



how to pass entry in tally when insured item damage. But goods purchases with in state...

Answer / ajay

LOCAL PURCHASE A/C DR
GOODS DAMAGE IN TRANSIT A/C CR

Is This Answer Correct ?    10 Yes 6 No

Post New Answer

More Accounting General Interview Questions

There is no item category assigned to account

0 Answers   McML,


which expenses are covered under indirect expenses

4 Answers  


What are control ledgers?

0 Answers  


What is the disadvantage of double entry system?

0 Answers  


a person have to buy 2kg items out of 4 differnt price tag item i.e potatoo rs. 10 kg, onion rs. 5 kg , radish rs. 1 kg, and chilli rs. 1 kg in rs 10 how can he do

0 Answers  






What is holding company?

3 Answers  


Company A has purchased goods worth Rs. 25000 from company B and made the cash payment of Rs 5000 and remaining will be payable with in 30 days. Assume that there is a late payment charge @ 2% on remaining amount as the invoice was received after due date from company B. Pass the journal entry in the books of company A for all the above transactions.

1 Answers   SSPL,


what will be the journal entry-discount rs 2000 allowed to mr x.and discount received rs 2000 from mr x.actually i am confused that in the first entry both discount a/c and mr x a/c will be credited as per the accounting standards.please help experts.thanks

4 Answers  


Define bills receivable?

0 Answers  


If the company acquires equipment prior to incorporation what are the accounting entries?

0 Answers  


What do you mean by contingent liability?

10 Answers   Siemens,


What is the cost of goods sold?

4 Answers  


Categories