Answer Posted / sridhar karuturi

I think its a deferred liability.

cheque deposit is a contra entry?

2146

---

I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?

1767

---

How can do it TDS in accounts?

2099

---

difition of reserve & surplus

2275

---

GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

1508

---

Explain what makes a successful account manager?

1023

---

What are the advantages & disadvantages of double entry system?

1216

---

How to calculate Gratuity & when it's applicable to employee after three years or Five years?...

1836

---

whats difference between manufacturing account & cost account

2274

---

we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

1710

---

For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

1772

---

if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

1973

---

in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.

2025

---

what is a state cheque? how it differes from stale cheque?

2457

---

What is invoice processing can u explain it?

2916

---