Answer / bachcha kant choudhary

Pass a Reverse Entry
PAYMENT ENTRY (F5 in tally)
Party A/c Dr.
To Bank A/c (where you deposited the cheque)

state (5) accounting concepts and give 1 example of each

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Does paid up capital include Advace against Capital or Calls in Advance for calculating Networth of A company

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What is portfolio manager responsibilities?

1 Answers  

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List the type of transactions entered in journal proper.

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What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?

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Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

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What is the purpose of financial statements?

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what are the document that get created in procurement to pay process ?

2 Answers   Servis,

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I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.

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calculation of coast of goods sold

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what is the Cash purchase limit.

2 Answers   Max India,

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How to pass journal entry of gifts purchased for employee by using campany ATM card

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