A is vendor of B. B owes him 50000/-. A asked B to conduct an event on his behalf and the expenses incurred by B was 25000/-. A issued a credit note in favour of B in full , stating that TDS done @10% on 25000/-. Now , B has to settle A's balance. 1.Entries in the books of B 2.How much B repaid to A for settlement and the Entry in his books.

5 Answers   CTPL,

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what does LAT stand for in FYE statement

1 Answers  

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What is the purpose of a balance sheet?

0 Answers  

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What is a business transaction in accounting?

0 Answers  

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in tally how to enter cheque receipts and cheque payments

3 Answers  

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Calculate the total Depreciation for four or five Years so give example?

1 Answers   EDS,

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IFRS and its applicability in India

2 Answers   CA,

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Is profit & loss account assets or liability?

2 Answers  

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In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.

0 Answers   Tech Mahindra,

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What is debit and credit?

8 Answers  

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Why an Expenditure is called Differed?

0 Answers   Accenture,

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We are operating a company which H.O. is Delhi and Branch offices at Kanpur and Hardwar. We need Income and expenses seprately in All branches. is it possible in tally.erp9. if yes please provide the procedure as early.

2 Answers  

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