what is goods in transit and how to pass an entry
Answer Posted / ravipolina
goods in transist means the goods were in transportation
yet not reached the production place(or) destination place
can be regarded as goods in transist the entry for this is
goods in transist a/c dr
to cash
Is This Answer Correct ? | 64 Yes | 75 No |
Post New Answer View All Answers
whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector
what is debit/credit note ? what deffered income and expencess?
---------is the main or principle book of accounts
What do mean by Computerization of accounts
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
what are the content of purchase order?
What is re-financing in Letter of Credit settlement
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...
Expand---------SDRT?
What type of question generally asked in Brokerage Firm ?
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
why do you want to work here?
Can anybody tell me how much salary m show in my resume for expection for the next job m graduate 2year accounts experience?