company office interior work payment paid by MD on his
personal account what is entry in company accounts book & md
personal a/c book?
Answer Posted / rakesh verma
In the books of Company:
Furnitures & Fixtures A/c Dr.
To Managing Director A/c Cr.
In the books of Managing Director:
Company A/c Dr.
To Bank A/c Cr.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Cash Processing
difition of reserve & surplus
Tell me what is “deposit in transit”?
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
Explain me what is tally accounting?
when & how interest on unsecured loan is calculated?
Differentiate between consignor and consignee?
What is mutual fund sub accounting?
How to create a liability for Service Tax in SAP
What a deferred asset is and give an example?
What is meaning of invoice?
what is the basic difference between pooling of interest method and purchase method in amalgamation
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?