Answer Posted / rajesh kumar soni

Debit note is necessary in two condition which is given
below-
1- In the case of purchase return
2- In the case of interest receviable


1-

Party's A/c Dr. -----
To Purchase return -----



2-

Party's A/c Dr. -----
To Interest receviable ----

it is better to invest in which securities short term/long term or both? please reason4 the same

2006

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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?

1699

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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

4246

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institutional investors?

2066

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what is controlership?

2336

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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690

7484

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what are the importance accounting entries for AP and AR process in interview..

1659

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Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset

2176

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wht can u do for the growth of bhel?

2022

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what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.

2114

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What Question ask in MARKIT Company?

6979

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Short Answer on ______________House Rent allowance

1857

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let me know the difference between net cash flow and income

2264

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What is Inventory Control?

5075

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what are responsibilities of an accountant in a company?

2272

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