Answer Posted / genius

Reserve for doubtful debts or Bad debts

Profit & loss A/c.......Dr.
To Provision for bad debts or doubtful debts A/c

What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?

2469

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what is a corporate chart of accounts and its purpose?

1813

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Explain me fair value accounting?

1000

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Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?

2668

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What is the difference between perpetual and periodic inventory systems?

1098

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Tell us what is the abbreviation for the accounting terms debit and credit?

1108

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paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.

1727

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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

2713

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Compare financial accounting and cost accounting.

1103

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Where do generally accruals appear on the balance sheet?

1109

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Why do users of accounting information need accounting information?

1017

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Purchase and sales sahres accounting entry which have stt brokerage and other taxes

4024

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What is accounting chart of accounts?

1122

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Accounting Questions

5819

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What is an Automatic Payment Program ?

2116

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