Answer Posted / manish

Goods-in-Trasit means Material has been despatched by
Supplier but not received by us this entry is important when
book to be closed on 31st, March

A when Goods in Transit (Matching Concept)

Goods-in -Transit A/c --------Dr. (Current Assets)
To Party A/c --------- Cr. (Sundry Creditor)

B) When Goods Received

Purchased A/c__________Dr.
To Goods-in-Transit A/c--------- Cr.

deffered tax treatment in financial statements

2163

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how to prepare mba finance for interview questions

2677

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what is the core accounts

2218

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Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?

2393

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what is the meaning of input vat & out put vat?

4017

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What Kind Of Requirements for Vat Refund And Assessment Cases

1840

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if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever

2048

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What is a bad credit score?

2055

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Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1903

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what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.

2181

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If someone knows about the test pattern of Junior executive accounts than please share.

2129

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Explain about Fluctuating Capital

2589

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if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?

1870

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Which Exchange determine Foreign Exchange/Currency Rate?

1926

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Distinguish value andPrice

1945

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