Answer Posted / dharmendra samal

Purchase Dr. 11,250.00
Input VAT Dr. 450.00
TVS Co. Cr. 11,700.00

Is buy or sale trade will impact on Nov? Yes/No Please explain.

1841

---

what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?

4174

---

what is the head for stock trnasfer

2150

---

Who created snapit accounting?

1067

---

What is partnership accounting?

1029

---

Explain me the difference between public and private accounting?

1044

---

Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

1997

---

Let me know the liability positions of Partners

1915

---

Explain what is accrual accounting?

998

---

Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?

7992

---

If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company

1509

---

WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

13896

---

What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.

1855

---

What are depreciation and amortization?

1063

---

What is the general entry for charge on bank overdraft

1449

---