Answer / osman

payable A/c Dr
To Respective party payable A/c

Answer / neha

cash/bank a/c dr
to respective payble a/c

Answer / hp

PURCHASE A/C DR.

TO PARTY A/C CR.

Answer / vijayender

1. At the time of booking expense:

Expense A/c Dr.
To Party A/c

2. At the time of making payment:

Party A/c Dr.
To Bank A/c

Answer / a.srikanthreddy

Respective payable a\c DR
To Cash/Bank

If a builders work is incomplete.Then what entry will be passed by him on closing of accounting year i.e 31st march In P&L A/c and Balance sheet

2 Answers  

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if issue the share capital what is entry pass the journal

5 Answers  

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Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50

0 Answers   Shore Infotech, Tech Mahindra,

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how we calculate tds on salary

1 Answers  

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4. Operating Assets: $ 100,000 Operating Income: $ 18,000 What would be the rate of Return on Investment (ROI)?

1 Answers  

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A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.

0 Answers   Tejas,

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short debit to an account increases which side of the trial balance?

1 Answers  

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why you change the company?

2 Answers  

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Why is Interest A/c debited and Bank a/c credited when interest is charged by the bank?? Here I assume Its an expenses so interest is debited but I don't understand why bank is credited?? Bank is a personal account. Please explain this doubt?

2 Answers  

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Factors that affect the requirement of working capital ?

3 Answers  

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What is Goodwill?

4 Answers  

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I am confused with Capital Account and Drawings Account. Please show me "the general Journal Entries" and "Owner's Equity in Balance Sheet". (1) The owner increased his investment in the company by $10,000. (2) The owner increased his investment in the company by $10,000.

2 Answers  

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