journal entries.. 1. sold goods for cash $2500 2. sold goods for $5000 on credit 3. received from customer 4. paid creditors $5000

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What is partnership accounting?

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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?

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Can TDS(Tax Deducted at source) expense be called Selling General and Administrative expense in Profit and loss statement,Or should it be included under head Provision for Taxation

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on 01/04/2009 Goods sold to Mr."A' on Credit at $ 1000. Exchange Rate :- 01/04/2009..........$50.00 at payment Date Exchange Rate :- 01/05/2009..........$48.00 What is Journal Entry..?

2 Answers   GTS,

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Are there any questions you would like to ask?

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what is addition of Opening Balance and net profit transfered from profit and loss account called?

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As you know any other accounting application?

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Tell me what is “deposit in transit”?

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how we do calculate of closing stock for company. what is the process of calculation of closing stock.

2 Answers   NSL,

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What is the meaning of Trial Balance.

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I have taken becup from tally how to restore another tally the same data.

1 Answers  

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