Answer Posted / vinay kumar

Salary A/c Dr. 30,000/-
Salary Payable A/c 30,000/-

How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries

1531

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What is an interlocking accounting system?

835

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If the company acquires equipment prior to incorporation what are the accounting entries?

1259

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non cash or bank income or expense

1410

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Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

2451

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During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.

1331

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Why an Expenditure is called Differed?

1624

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Why company issue shares at discount as its a loss ?

2727

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Explain the Invoice verification process

2399

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What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?

1194

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Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income

1457

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What is a ledger? What do you mean by ledger posting?

739

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we had company we provide work others they deducted tds how to pass entries in my company please tell me

2930

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when receieve cheque from a party and we deposite cheque in bank how do this entry

4432

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what is the Differed Tax Liability & How it is calculate ?

2050

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