which assets may have credit balance ?

3 Answers  

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We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.

0 Answers  

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deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason

1 Answers  

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difference between account payable and bills payable

1 Answers  

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what are the limitations of accounting conventions

0 Answers  

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What is Diffrence Between in EPF & GPF?

1 Answers  

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pre paid expense is a asset?where it should be posted.

7 Answers   Genpact,

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what is the difference between financial accouning and financial management

2 Answers  

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what is the direct taxes?

3 Answers   JK Associates, TATA,

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What is full rate on plywood box in haryana sale tax:

0 Answers   Nefab India,

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1. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.

1 Answers   Accounting,

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Explain have you ever prepared mis reports and what are these?

0 Answers  

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