Answer Posted / sachin

(1)journul entry

Software (Asset)A/c Dr 35000
Micro soft.. A/c CR 35000


2)Payment entry to party

Micro Soft Dr 35000
Axix bank Cr 35000

What is purchase returns accounting

1157

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How to pass VAT retention entry on computer and Furniture

2962

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Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1583

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How many types of business transactions are there in accounting?

1132

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audit under section and penalty under saction scurtiny under saction

2194

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Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

1582

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How do you prepare a balance sheet from a trial balance?

1159

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when dissoluction of firm why investment flchuationfund subtrect from book value

2116

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which report give the data of GL with materials details in sap?

1896

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explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule

2371

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Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?

8463

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if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3813

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please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?

1880

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How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??

5431

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What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

2564

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