what is the enty for gift given to company employee by
company but purchased by director of the company
Answer Posted / anoop.m
We should pass two entries.
2000 Cash withdraw by Director for purchase gift.
Journal entry:
Director a/c Dr 2000.00
Cash a/c Cr 2000.00
Second Entry:
Staff welfare a/c Dr 2000.00
Director a/c Cr 2000.00
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
what are the different types of expenditures considered for the purpose of accounting?
Tell me how much statistics knowledge is necessary or required in accounting?
If a transaction was missed completly how do you find it?
Differentiate public and private accounting?
can we change date in tally.erp s/w in educational mode ?
1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
What is the use of accounting?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
What information is included in a bill for services?
What is dividend warrants?
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
What is consignment cycle.?Explain the steps involved in the Consignmet..?