Answer Posted / vinayak

EXPENDITURE A/C DR
TO TDS A/C
TO PARTYS A/C

Explain the meaning of long-term notes payable is or long term liabilities?

1195

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if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1536

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Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

1635

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WHAT IS OPERATING CYCLE?

2764

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what is the manual procedure for accounting

1884

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we can transfer stock between two firms with same name but prop. is different.

2059

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Do you know what is the importance of team work in this position?

1031

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What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.

3261

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Explain dual aspect term in accounting?

1000

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What are the columns of a journal?

1183

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Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.

2103

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Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs

1136

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Private purchases amounting to rs 5000 have been debited to purchases account

1492

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why accounting is important in business?

1099

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What is account in accounting?

1097

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