Interested to Buy Any Domain ? << Click Here >> for more details...
how to pass journal entry when cash received in the form of
gold or other form?
- 4 Answers
- 7303 Views
- I also Faced
- E-Mail Answers
Answer Posted / ca mohit bhatia
Gold A/c Dr.
To Debtor A/c
Since I am assuming that you have received the payment in
form of gold rather than cash.
When you will sell the gold and realize the cash, entry will be
Cash A/c Dr.
To Gold A/c
| Is This Answer Correct ? | 9 Yes | 0 No |
Post New Answer View All Answers
WHICH QUESTIONS ASKED IN EPFO IN 2009.
What is the abbreviation for the accounting terms debit and credit?
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
Explain me the difference between public and private accounting?
What are the functions of manger -accounts and manager-finance?
What are the fictitious assets?
What are the accounting events that are frequently involved in compound entries?
What is the difference between trial balance and general ledger?
Accounting Questions
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
What is accounting period?
How much statistics knowledge is necessary or required in accounting?
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
