Answer / motilal

Purchase order is not a Transaction in accounting, it is a
process for confirmation of purchasing that after receiving
goods you can no deny for purchasing.

so, There is no entry for purchase-order.

Explain me the difference between public and private accounting?

0 Answers  

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Explain me fair value accounting?

0 Answers  

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could you please tell me what CRR & SLR?

1 Answers   Wipro,

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Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

0 Answers   InTarvo Technologies,

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What is debit and credit?

8 Answers  

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Mr.X working in an organization,He as taken to salary advance 10,000 on 15/1/2016.He total salary payed on 30,000 5/2/2016?

3 Answers   IBM,

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What is the meaning of scrap value in accounting?

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Purpose for maintained RG 23a Part II & RG 23c PArt II? give brief discussion....

2 Answers   TCS,

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why do we add the net profit in the balance sheet

2 Answers  

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What are the transactions and journal entry involved when a customer makes purchase or does payment for his own consumption or purpose through debit card?

2 Answers  

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what is purchase consideration?

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Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

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