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What is balance sheet and off balance sheet?
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1- Can ledger make without journal?
A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000
What type of Question asking in Interview for Infor LN profile for an experienced person.
Should we take the taxes in to P& L A/c.
Cash bill of sale so the company can deduct the amount.
My question is why we debit the input tax, and cradit the output tax. wt is the logic and wt is the principal behind it adil khan( CA STUDENT)
Audit 
