If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
No Answer is Posted For this Question
Be the First to Post Answer
Describe me accounting rules
What is use of statistics in accounting?
Explain the process of withhold tax invoice
What is the full form of GAAP?
Types of vouchers with explaination
What is the formula for acid test ratio in accounting?
if u r work in showroom as a accountant. one day owner's friend is come into his showroom and he want to buy a 1 track-shoot but he confused and he take 3 track- shoot with us and reply he only pur. 1 track-shoot & 2 track-shoot return after 3 days. so now what is entry passe in account.?
What is the journal entry for Prepaid expenses?
What is the dual aspect concept?
what is the capital expenditure
I am going to take interview of some candidate for the position of Accountant. Therefore, I want to know what type of question I shall be ask to the candidates. Please suggest.
what is contra entry . plz explain with example.