Answer Posted / h.r. sreepada bhagi

As per the Business Entity concept, the business
unit/firm/company has a distinct existence from it's owners.
Hence the personal transactions of the
proprietor/partner/shareholder should not be mixed with the
business transactions. From this view point, the owner,
partner or the shareholder is also a creditor to the extent
of money invested by them in the business or in other words
the net-worth of the business entity.
Importance lies in the fact that the effectiveness of the
business can be measured irrespective of who has put in the
money (Income generating ability). Further in order to
comply with statutory requirements of certain types of
business organisations also this concept is necessary.

Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx

2766

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Do you know what is the importance of team work in this position?

1081

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Definition of push down accounting

1150

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Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?

1989

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What is the double entry system explain its rules with examples?

1154

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I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this. Wipro Limited Dear candidate Your Resume has been selected by ( Wipro Limited). I have attached your Interview Process letter with this email. Kindly see the attached file. Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm, Company Website – www.wipro.com Note - And more details you send a email Company Email Add – career@wiprolimited.in Best Of Luck For More Details Please Click Here Wipro Limited

1992

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Tell me why do you apply for a job of an account executive?

1145

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Explain a time when you have not met your goal?

1146

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iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.

3091

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whether allowances will be included in calculating esi from gross salary

2231

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saji become insolvant -what is journal entry

1844

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I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so

2126

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HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

2045

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WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?

1831

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Capital secure should be shown in which side of the balance sheet?

2415

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