Contra asset accounts have credit balance and are an offset to a related asset account ? true or false .

3 Answers  

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my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???

0 Answers   TAFE,

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if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.

0 Answers   Sky Link,

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Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!

3 Answers  

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Is push down accounting accepted under generally accepted accounting standards?

0 Answers  

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A is vendor of B. B owes him 50000/-. A asked B to conduct an event on his behalf and the expenses incurred by B was 25000/-. A issued a credit note in favour of B in full , stating that TDS done @10% on 25000/-. Now , B has to settle A's balance. 1.Entries in the books of B 2.How much B repaid to A for settlement and the Entry in his books.

5 Answers   CTPL,

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what is Assets & Liabilities ?

4 Answers   College School Exams Tests, EDS, Focus,

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Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?

0 Answers   MNC,

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How do I record a prior year property tax refund on sale of asset due to overvaluation

0 Answers  

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What is the journal entry for paying 50000 rs. To xyz co. For professional fees after deducting tds on that.

7 Answers   Genpact,

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What is band and why the company needs this?

0 Answers  

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Which accounting application you prefer most and why?

0 Answers  

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