Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / baaq
profit and loss account Dr
To concern depreciation assets account
| Is This Answer Correct ? | 25 Yes | 29 No |
Post New Answer View All Answers
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
Tell us depreciation and its types?
what is a corporate chart of accounts and its purpose?
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
What is account receivable?
How do I record a prior year property tax refund on sale of asset due to overvaluation
how to pass entry in tally Rs 50000 cheque paid to son by father
What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
What information is included in a bill for services?
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
What is a ledger? What do you mean by ledger posting?
Tell me what is tally accounting?
Private purchases amounting to rs 5000 have been debited to purchases account
what made you take up present subject/area of specialization and what would you define as your career objectives
