how will rectify the error in trial balance.

2 Answers  

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what are the types of leverage ratios?

3 Answers  

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"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

0 Answers  

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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

2 Answers   IMT, Wipro,

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Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?

0 Answers  

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What is accounting & why it is used?

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what do you mean by profit and loss appropriation account ? what is the use of preparing it?

1 Answers   Syntel,

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define accounting?

3 Answers  

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sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .

0 Answers  

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Briefly explain the difference between receipt & payment and income & expenditure account.

3 Answers  

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I want to know the Payroll Accounting Questions

0 Answers   Genpact, Infosys,

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How to pass entry in Tally erp 9

1 Answers  

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