Answer / dhanpal singh

vendor a/c dr
sale tax a/c dr
To inventory a/c
To sale tax payable a/c
as per tally accounting

Answer / mohd asif

purchase a/c dr
sundry creditors a/c cr
sundry debtors a/c dr
sales cr

Answer / hafiz m.usman

CREDIT PURCHASE

Inventory a/c (Dr)
sales Tax a/c (Dr)
Supplier a/c (Cr)


CREDIT SALES

Customer a/c (Dr)
sales Tax a/c (Cr)
Inventory a/c (Cr)

Answer / cecil

Journal entry is an entry to the journal.
Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur.
Ledger is a record that keeps accounting transactions by accounts.
Account is a unit to record and summarize accounting transactions.

All accounting transactions are recorded through journal entries that show account names, amounts, and whether those accounts are recorded in debit or credit side of accounts.

http://accountinginfo.com/study/je/je-01.htm

Answer / anil

Debtors a/c dr
     to Sale a/c

Explain the Steps to transfer the data from AP to GL

0 Answers   Accenture,

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3 dost 1 hotel me khana khne gye to unhone 75 rupye diye aur hotel ki malik ne unhe 5 rupaye wapas diya aur 2rupye water ne rakh diye aur une 1,1 rupye diye aur 1 rupya kha gya

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What is the journal entry for Prepaid expenses?

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i purchase one computer @Rs.30,000 i issued PDC's then when i enter all pdc's in tally at a time or any other pls. tell me

3 Answers  

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What is TDS ? How its entry will be passed in accounting book ?

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Where will loss appear in Balance Sheet?

4 Answers   Chartered Accountant,

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I have a questions regarding booking transaction. what is I want to loan my company 10k transaction will be recorded as follows "CASH" 10k debit "Payable to partner" 10K as credit. So when I used company debit card for my personal use can I book this as a loan repayment? which means I will have to Debit account " Payable to Partner and credit "Cash"

1 Answers  

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WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET

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What is the journal and payment entry of P.F and E.S.I

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what is the meaning of A/c

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Pls. tell me any body , in my company we are paying emi for systems how the value take for computers & how to book a j.v for above transactions

1 Answers  

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maximum bank permissable finance

3 Answers   Capital IQ,

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