Answer Posted / nandish

Goods destroyed by fire a/c Dr 5000
To inventory a/c Cr 5000
(Being goods destroyed by fire)

Bank a/c Dr 4000
Loss on goods destroyed by fire Dr 1000
To goods destroyed by fire Cr 5000

Being insurence claim received

how to pass journal entries for reverse tax on input tax paid

2778

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Why are accounting standards necessary?

1113

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Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?

1739

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What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance

6375

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WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?

1834

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What is the difference in accounting and marketing and what is so different about them?

1108

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Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?

1133

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Can you name different branches of accounting?

1067

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swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

1873

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What accounts are to be debited and credited in this case o

1893

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Is it mandatory for the employees staff of a School, if so give details

2152

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Tell us what inspired you to move to the next opportunity?

1105

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Tell me how you can adjust entries into account?

1073

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What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.

1974

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Plz Ask from me New Accounting Questions.

1954

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