Answer / balamurugan k

The procure-to-pay systems enable the integration of purchasing department with account payables department is known as P2P.

The following steps involved in P2P cycle:

-Create Requisition
-Create Purchase Order
-Create Receipt
-Create Invoice in Payables
-Making a Payment
-Transfer to General Ledger

What is the Journal entry for advance given 1000 from petty cash and 800 spent to puchase keyboard and mouse . 200 returned.

1 Answers   Elite,

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Please let me know in which Section we can disallow loss on sale of assets which has been debited in profit and loss account

1 Answers   Genpact,

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X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?

0 Answers   HSBC,

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how to prost entry for purchases with a bill

0 Answers  

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I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.

4 Answers  

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What is Contingent Liability?

4 Answers   State Bank Of India SBI,

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Sir, My Gross salary is 16000/- per Month and Birfication is as below Basic Salary 6400 HRA ``` 2560 Travelling con 640 Uniform Allowance 640 Bonus 1280 Professional All 640 Walfare Allowance 3840 Please inform me How much amount of TDS Regards, Ravinder

2 Answers  

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What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance

0 Answers  

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Purchased 10 pcs Mouse @ 230 from TC Ltd and get another 2 pieces as free sample.

4 Answers  

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Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?

0 Answers  

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when we use credit card, then what will do entries in tally erp as a accountant and second question that if he do entry then what will thay keep under the ledger of credit card.

1 Answers   State Bank of Mysore SBM,

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Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)

0 Answers   eClerx, Meru Cabs,

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