Answer Posted / m.d.shweatha
imprest is the system in which an estimated amount for
petty expenses is determined and advanced to petty cashier
out of which all party expenses will be paid and total
amount will be re-advanced to the petty cashier.so as to
make it equal to imprest account
| Is This Answer Correct ? | 16 Yes | 1 No |
Post New Answer View All Answers
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
what is share application money pending allotment?
in Sensex and Nifty, what is the measure to take the points
When we received payment from creditors
HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?
Explain me some of the examples for liability accounts?
if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry
Do you know company's payable cycle?
Explain some of the accrued expenses and the accounts in which you would record them?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
What are the uses of journal in accounting?
What are the 4 phases accounting?
Explain me have you ever heard about tds, what it is?