How can pass the entry stock goods loss by fire or theft
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abnormal loss a/c dr XXXXX
To purchase a/c XXXXX
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1. If i receive one invoice from our contractor on 01.08.10 , but the invoice date 30.07.10. My question is in what date i should take into account this transcation (i.e 30.07. Or 01.08.10) 2. If i receive a cheque from our customer on 30.08.10 but its not possible to deposit in the same date, because of closing of bank hours, it is possible only to deposit the cheque on next day only. In this case which date i should taken for account the transcation.
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A change in accounting policy is justified (a) To comply with accounting standard. (b) To ensure more appropriate presentation of the financial statement of the enterprise. (c) To comply with law. (d) All of the above.
please tell me the 'R2R' interview questions and answers ?
1 Answers Accenture, Dr Reddys,
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A sole trader run a business, and he takes every month fixed salary, he says this salary should not be affect in profit and loss a/c, he wants this salary transfer to his capital a/c, means he wants increased his capital - My question is as per the accounting system is it possible?
What's the accounting entry when an Invoice is created in AR?
what is the journal entry for : cheque received from Mr A and sent for collection.
Audit 
