Journalise the following Entries?
Outstanding salary of rs. 20000/-
Prepaid insurance of rs. 5000/-
- 13 Answers
- 24595 Views
- OPI Global, I also Faced
- E-Mail Answers
Answer Posted / areena
mr mudnoori, ihave a doubt, can we credit an expense?,as
insurence is an expense.here mr sajeer may be cosidering
insurence paid on march, which belongs to april so his
entry is correct,otherwise entry will be pass as follows
prepaid insurence a/c dr..........
to cash/bank........cr
(being insurece paid for one year)
then monthly entry is
insurence a/c dr.........
to prepaid insurence.......cr
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
what is the full rate of cst/vat of building material ?
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
we have received TDS Certificate (Form No 16A) from one company, we have checked online credited but they not credited to us (online credit)..how can i refund that amount. pls send us letter format
A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved
how to creat e-vat return in tally
Deferred taxation is a part of which equity?
is WCT applicable one time? and what will be rate of WCT in UP State?
Is there any change in the section 80DD for the financial year 2009-10
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.
WHAT IS THE LIMIT ABOVE WHICH WE CAN DEDUCT THE TDS ON VARIOUS CATEGORY LIKE PRIFESSION, CONTRACTOR, INTEREST, RENT, SALARY ETC.
What is form c & d in sales tax?
procedure to get Raw Material free of excise duty under Central Excise Act,
Apply for TDS certificate in bank for rent purpose is wrongly entry as 94C instead of 94I. Is any problem?
what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???
