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paid two years rent N1200, bought Motor van for cash N3000
Which Entries comes in Receipts & which entries in Payments,any payment & Income is received through cheque that entries will appear in it or we have to pass it in journal.
what is bad debt
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
Hi all I got one cheq from Airtel an amount of 20,000/- Tds is 1000/- what is JV and Dep entry in tally
EXPAND_________VIT
Answered but misspelled pl correct ARE THE BUSINESS PERFORMANCE OF TRADING ACTIVITIES (ANS.SSTTANRACION)
Fill in the blank Losses Capital
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
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the following figures given to you: 2008-09 Sales Rs.100000 Loss 10000. 2009-10 Sales Rs.250000 Profit 20000 Calculate: P/V Ratio, BEP, Sales to make a profit of Rs.40000, Margin of safety at at profit of Rs.2000
expand A P S E B