Answer / rajesh

If wages post twice, belwo entries can be entered
eg : dr wages A/c
cr Bank a/c
above entry you made it twice
to correct the entry

eg : Cr wages a/c
dr bank a/c
by this entry we will correct the entry

Answer / abhishek jain

The entry would be:
Correct entry:
Dr. wages outsanding
cr. p/l a/c.(wages a/c)

Wrong entry:
dr.p/l a/c (wages a/c)
cr. wages o/s a/c

Expand M C

2 Answers  

---

What is the Journal Entry if "Office Expenses" of Company A is being made by Company B on behalf of Company A?

2 Answers  

---

I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

0 Answers  

---

what is Ratio Analysis ?

0 Answers   EDS,

---

what is meant by Tangible assets intangible assets

5 Answers   Bajaj,

---

What is the difference between Capital Reserve and Reserve Capital?

26 Answers   Agarwal Associates, Brigade, College School Exams Tests, Firm, Microsoft, TAHDCO,

---

What elements of your job do you find most difficult

0 Answers  

---

EXPAND___________JEE

1 Answers  

---

From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

0 Answers   D M Systems, Ignou,

---

Why Net Result Of The Business Called Profit And Loss A/c Why Not Profit Or Loss A/c?

2 Answers  

---

what is journal entry to make- provision for liablities and provision for assets

2 Answers  

---

capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)

0 Answers  

---