Answer Posted / bijoy

salary advance a/c Dr.(under 'loans and advances' asset)
To, cash a/c

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

1844

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Tell me what are the activities that includes in cash flow statement?

1384

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suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.

2301

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whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

1875

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what is a difference between public and private accounting?

1142

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WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?

1914

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What is use of subject history in banking?

2663

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i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

1872

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Explain what is balance sheet?

1100

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In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail

1883

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Tell me what is the equation for acid-test ratio in accounting?

958

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what is the deference between depreciation explanation

2206

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What is accounting for plant assets?

1172

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whats the sales tax slab and company's turnover professional tax slab

3377

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Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?

2241

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