Answer Posted / manoj kumar

Right Journal Entry are:-
1. Profit and Loss appropriation A/c Dr.
To Interest on Capital A/cs
(Interest paid on Capital only when Firm is partnership As
Per Partnership Act.)

2. Partner's Capital A/c Dr.
To Interest on Capital A/c
( Amount of Interest on Capital transferred to Partner's
Capital A/c.)

3. If Firm is not Partnership than no interest on capital
paid to firm's owner.

how to geting finished goods cost with included it's all BOM and all production order cost in sap?

1804

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purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c

4919

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Explain fictitious assets?

989

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under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent

2075

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Explain me what makes a successful account manager?

1007

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What are negative postings?What are Credit memos ?Payment Requests ?

2114

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what are the steps for the payment cycle of the firm or company?

1955

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What is the general entry for charge on bank overdraft

1450

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What was the most difficult deal you had to close?

952

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Define partitioning in accounting?

1508

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Explain the term account payable?

997

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hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer

1969

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

1058

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How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary

1606

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Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?

1015

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