Answer Posted / rajesh

check receive dr
to receivable

receivable dr
to customer/client

Bank dr
to check receive

Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.

1644

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Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

1981

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What is Time capital

2025

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how to calculate forefeiture of share when over subcription

2186

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Revenue Expenditure

2059

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Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3691

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bank jobs

2062

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What is meant by daily accrual and booking?

1107

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What are the elements of the accounting equation?

1022

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Tell us what is the abbreviation for the accounting terms debit and credit?

1069

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if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1486

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under which accounting rule prepaid salary?

2140

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we can transfer stock between two firms with same name but prop. is different.

2001

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What is BRS Adjustment entry?

4155

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on the basis accounting,acounting is divided in to how many classes and what are they?

1711

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