Interested to Buy Any Domain ? << Click Here >> for more details...
work in progress for a construction company this year is
Rs.5,00,000/-.In balance sheet Rs.5,00,000/- will be
debited under current asset a/c but the credit would under
which account.and next year what will be the entry.please
answer me in detail.
- 6 Answers
- 14729 Views
- I also Faced
- E-Mail Answers
Answer Posted / sachin
Rs. 500,000/- included in closing stock and next year work-
in progress take as a opening sttock
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
what is miscellaneous expenditure??
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
what is tribal area allowance means
If the company acquires equipment prior to incorporation what are the accounting entries?
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
what single discount is to2 successive discount of 10%& 15%
Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
credit card expenses entry kisme pass karenge
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
what is account reconcillation
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
what are the disadvantages of back-flush accounting?
