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what are main accounting entries in a vehicle dealer
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where outstanding debts being Rs 48000 and 20% considered to write off . pass jounal entry.
2 Answers Kalyani Forge, MCom,
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
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In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
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Audit 
