Answer / raghu.v.

First we have made provision entry in April month that is,

salary a/c Dr
Salary payable a/c Cr

Then we have to release the liabilities a/c that is,

Salary payable a/c Dr
Cash / bank a/c Cr

That sal

6- What do you mean by purchase merchandise; assets or expense?

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I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

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Pls let me know Job profile for Account Manager.

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We purchased material from other state against C form. Here in invoice Basic price value - Rs 100000 Cst 2% - Rs 2000 and transportation charges - Rs 8000 Total bill value - Rs 110000. But in C form How much amount we have to give? 100000 or 102000 or 110000 I am waiting for your valuable reply, advance thanks.

1 Answers   Pharma,

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