Interested to Buy Any Domain ? << Click Here >> for more details...
in Tally accounting programme where should I can make
ledger for Work in Progress? under which accounting head?
Eg. Debit will be under Current Asset a/c and what about
credit? whether it is under Purchase a/c? or under Income
a/c?
- 2 Answers
- 15971 Views
- I also Faced
- E-Mail Answers
Answer Posted / naresh roy
Yes, In tally accounting programe Work in Progress ledger
can be created under the group 'stock in hand'
I don't think that Work in progress will have credit balance
ever. This is a current assets and always it will have debit
balance
| Is This Answer Correct ? | 14 Yes | 5 No |
Post New Answer View All Answers
Do you know company's payable cycle?
please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
List out things that fall under intangible asset?
what stock transfer applicable in sister concern unit.
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
What are the reasons which cause pass book of the bank and your bank book not tally?
Mention why some asset accounts have a credit balance?
Explain different branches of accounting?
What is invoice processing can u explain it?
can i material bill book in miro without vat on transport charges ?
WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?
saji become insolvant -what is journal entry
What is BRS Adjustment entry?
Ledger Enteries
