Sale of old furniture recordrd as sales a/c. recify it
Answers were Sorted based on User's Feedback
Answer / raju kumar
cash or bank a/c dr.
To sale a/c
if you are saller of furniture in that case you can do
entry as above. oterwise if that furniture was as a fixed
assets your rectify entry will be as under
sale a/c dr.
to furniture a/c
because time your furniture is as a fixed assets and this
case you can not treat as a normal sale.
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / gurumurthi javaji
cash a/c ...........Dr
To Old furniture a/c
why because according to Real a/c principle:
Debit what comes in , credit what goes out.
Is This Answer Correct ? | 3 Yes | 1 No |
What tax form should an LLC with two partners use?
WHAT IS VOSTRO Account?
hi all, i'll be grateul if u can help me on this. I'v been selected as a PO in SBI. Simultaneously I'v got a job offer from British High Commission in New Delhi. Can anyone suggest which will be the better option??????????
golden rules of accounting? how bank earn profit?
I am pursuing MBA in finance and I am having the work experience of 2 years as a customer support executive in Lg electronics. So,Please suggest me whether I can show this experience at the time of interview or not?
is TDS is applicable on purchase of geo textile fro outside state c.s.sarmah Assam
Explain NAFCO?
Explain Cash Basis of accounting
What is the difference b/w NPV and PBP?
scooter fuel is under conveyance and car fuel is under car running & maintenance exp.. Is that right
what is mean by traditional accounting ?
EXPAND______________IEEE