Answer Posted / ashish sakalley
Prepaid exp are those exp which exp are paid in advance
like Annual Maintenance Contract (AMC). If you paid AMC of
Rs.10,000 from September'09 to August'10 in this case your
entry is :-
AMC A/c Dr. 5000/-
Prepaid AMC A/c. Dr. 5000/-
to cash/bank a/c cr. 10000
Is This Answer Correct ? | 16 Yes | 2 No |
Post New Answer View All Answers
what are accounting principles
What are the procedures for remitting WCT?
How to calculate excise duty on mobile products?
What is the different between Excise Invoice and Invoice
At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.
please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales
Sir we have maintaint RG 23 Part I Excise Register manually but we can maintaint excise register in Tally erp 9 we tray but tally not show properly RG 23 Part I Excise register like manual. please guide & solve the problme.
What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19
My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
how to calculate tax for the income earners
What is Form 12A & Form-H and where is applicable.
In advance c form dvat why not showing the amount in form verification
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
what are the slab rate for F Y 2010-11