Mention why some asset accounts have a credit balance?

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when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions

0 Answers  

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For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

0 Answers  

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Please tell me what is the journal entry of closing balance ?

2 Answers   IBM,

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what do you mean by margin of safety

4 Answers   Capital IQ,

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accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.

0 Answers   IBM,

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What is the nature of bank account: a) nominal b) real c) personal

29 Answers   IBM,

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What is use of statistics in accounting?

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Pass necessary journal entries for the following. 1.Goods supplied by surjit for rs 15000 were entred in sales book.

7 Answers  

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what is the difference b/w provision for baddebts,reserve for baddebts? pls explain me with example

2 Answers  

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I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.

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How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally

3 Answers   Steel Craft,

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