Interested to Buy Any Domain ? << Click Here >> for more details...
Pass journal entries
Purchased goods from mr x on credit 1000
- 22 Answers
- 76057 Views
- I also Faced
- E-Mail Answers
Answer Posted / saranya
goods A/c .. DR
To credit A/C...CR
| Is This Answer Correct ? | 5 Yes | 17 No |
Post New Answer View All Answers
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Tell me what are the activities that includes in cash flow statement?
Wha is difference between expenses and expenditure
What is good accounts Process & Execution capabilities?
In South Africa, the value added tax is administered by?
How to prepare in yearly turnover?
Tell me what is project implementation?
Give ONE reason for Balance Sheet to be out of balance
Tell me what do you believe makes a successful account executive?
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
What are the effects of international accounting standards on accounting practices of developing nations?
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?
