Please explain subcontracting accounting entries in SAP
with realtime example and amount.
Answer Posted / sreenivasa chary
raw materisl consuption ac - DR
Raw material A/c - Cr
semi finished a/c dr
inv change s/c - cr
External service A/c dr
GR/IR AC cr
During invoice
GR/IR Account - Dr
Vendor a/c - cr
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
Explain some of the accrued expenses and the accounts in which you would record them?
Explain the accounts payable cycle
WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?
Define the term material facts in accounting?
If there is an excess amt of TDS paid under the head TDS on contractor, then how it can be shown in Annexure of TDS return?
What is meant by turnover?
Explain what makes a successful account manager?
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
hi i want to run vendor debit memo after he paid all amount i want to give discount through miro i am giving the price and quantity and run in through miro the system will pass another two more line iteams extra and shwoing dr/cr balance +/- when i will increase the amount this is also increasing what is the reason i dont know please send me immediately
what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
whether bills of exchnge can come under the category of reserves and surplus
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
What is the abbreviation for the accounting terms debit and credit?