Answer Posted / satish kumar sengar

total liability -11000
bank loan-6000
payable-5000

What is general entries for Deffered Tax?

2687

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what is a corporate chart of accounts and its purpose?

1777

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What is a business transaction in accounting?

1073

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paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.

1685

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What is an adjusting journal entry?

965

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How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.

1772

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IN VAT INVOICES DISCOUNT ALLOWED OR NOT

2039

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Tell me about a situation where you showed determination?

1004

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Tell me do you possess any knowledge about accounting standards?

1041

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List out things that fall under intangible asset?

977

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RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above

2190

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what is loan operations and what are the complete process form from making customer to closure of loan

2063

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what are cost accounting and its applications?

1036

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What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?

2555

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I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

1784

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