Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
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Companies formed by letters patent?
how do we pass the Entry for Reserves? and What is the Meaning of Surplus?
What is the nature of bank account: a) nominal b) real c) personal
What is mutual fund sub accounting?
what is the different between nominal account and real account ? and then personal account ?
why we transfer wages and salary in trading a/c,and why we transfer salary and wages in p/l a/c?
What is meant by forex P&L a/c.?
Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.
What is royalty reserve?
investment in share in which account
we deposited securoty to a party and now due to us interest amount then party deduct TDS on interest but we not recive cash or in bank he credited our account in his books so what will be the journal entries in our's books.
How to set/ determine Credit limit of a customer in Manufacturing and Trading Business?