i have purchase goods for Rs.100 and company say you sell this goods for Rs. 80 and raised a debit note for diffrence amount and he fix 5 % commision on sales value what is journal entry passed in tell with narration?

9 Answers  

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What is the difference between Capital and Total Equity in a Company?

2 Answers   Bank AL Habib,

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when & how interest on unsecured loan is calculated?

0 Answers  

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What are the criteria for accounting job?

0 Answers  

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Why Reserves and Surplus are shown on the liabilities side of the balance sheet.? justify your answer.

4 Answers   Infosys, Muthoot Group,

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Company Providing Mobile handset to all employee on free of cost and returnable basis while leaving the job. My query is- how i account the above transaction - under fixed asset or mobile expenses- ( indirect exp) or staff welfare ( indirect exp ) Kindly suggest

2 Answers  

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Suppose we are getting a TDS Certificate from our vendor's how can enter the same in our books.

1 Answers  

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Closing entries of P&L account

1 Answers  

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what is depreciation? what are depreciation methods? please explain those method? can any one reply urgently? Answer

4 Answers  

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what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam

0 Answers  

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Explain me do you think accounting standards are mandatory and why?

0 Answers  

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What is royalty reserve?

0 Answers   Hero Honda,

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