Rs.5000 paid school fees of Director's son. pass the journal
entry

Answer Posted / vignesh

If doctor drew money from his profession bank account it
shown as drawing or it will not affect his profession
because it personal expense in nature

Is This Answer Correct ?    5 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the important of computerized accounting to manual?

681


6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

1562


How familiar are you with crm?

634


contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?

2166


In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?

1041






How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.

11484


Tell me what is your track record for consistently achieving your targets?

767


Follow up ageing balances of Debtors & Creditors and also Inventory

1641


What is the Technology used to carry out trades? Pls Tell me as early as possible.

3091


Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.

1941


sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,

1443


Why did you choose the a-levels you did?

632


while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?

2884


how to assign the cost center to GL Account in SAP (FICO)

2309


Tell us in balance sheet, where do you show tds?

612