in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

0 Answers  

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WHAT IS THE ENTRY FOR BOOKING PROVISION...? IS IT COMPULSARY FOR BOOKING PROVSION IN ACCOUNTING?

4 Answers   DLF,

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What is the journal entry for sundry debtors

6 Answers  

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what is mean by debit purchase

5 Answers   Capital IQ, Lycatel, Micro Matic, MM,

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Plz Ask from me New Accounting Questions.

0 Answers  

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Closing entries of P&L account

1 Answers  

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Company A has purchased goods worth Rs. 25000 from company B and made the cash payment of Rs 5000 and remaining will be payable with in 30 days. Assume that there is a late payment charge @ 2% on remaining amount as the invoice was received after due date from company B. Pass the journal entry in the books of company A for all the above transactions.

1 Answers   SSPL,

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What is bad debt expense?

0 Answers  

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When we paid TDS on commission how will journal entry come

0 Answers  

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What will be entry for that: Busines strarted with brrowed cash Rs. 25000 from Mr. X. if capital will be creadit. ???????????????????????WHY????????????????

5 Answers   IAS,

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6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

0 Answers  

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can an accountant handle all the accounting transaction without any type of help from any person?

1 Answers  

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