Answer / vanisri

1 Creation of Requisition
No Accounting

2 Creation of Purchase Order
No Accounting

3 Receipt
Receiving A/c
AP Accrual A/c

4 Devlivery
Raw Material Sub Inventory A/c
PPV A/c
Receiving A/c

5 Invoice matching with PO
AP Accrual Liability A/c
Invoice Price Variance A/c
AP Liability A/c

6 On making Payment
Liability A/c
Cash

If A invested Rs.50000/- in F.D. & After maturity he got 56500/-. He added more Rs.43500/- in it & make F.D. for Rs.100000/- how i pass this entry. still bank has not credited 56500/- to A`s Account. please answer me

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Limited liability ?

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Define depriciation?

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