I would like to know about work in progress, when we will debit WIP under Asset a/c head in balance sheet, the credit will be allocated under in which accounting head? whether its under purchase a/c or income a/c ? expecting detail explanation?

2 Answers  

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as  per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary

0 Answers  

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claim of workers pf esic contribution as expenditure in profi & loss a/c under head manufacturing or Administrative exp ?

2 Answers  

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how to individual capital account.

0 Answers  

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Recent banking question for 2015 interview for scale2 exam of sbm

0 Answers   IBM, State Bank of Mysore SBM,

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what is trial balance.?

4 Answers  

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Difference between Provisions and reserves

4 Answers   Accenture,

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which are the final entries while closing of books and account at the end of financial year ?

1 Answers  

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net worth is: 1)total assets less outside liabilities 2)total liabilities plus owner equity 3) current assets less current liabilities 4) total accumulated profit less liabilities choose correct and with deatail.

3 Answers  

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pls tell me tds new rate 1/10/09

1 Answers   ICA,

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What is the difference between trial balance and general ledger?

0 Answers  

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Company A has purchased goods worth Rs. 25000 from company B and made the cash payment of Rs 5000 and remaining will be payable with in 30 days. Assume that there is a late payment charge @ 2% on remaining amount as the invoice was received after due date from company B. Pass the journal entry in the books of company A for all the above transactions.

1 Answers   SSPL,

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