Answer Posted / rajeshkanna

PURCHASE A/C DR XXXX
VAT CHARGES A/C DR XXXX
TO CASH A/C XXXXX

Who is debtor purchaser

1988

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What does the word credit mean in terms of accounting?

1222

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we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?

2122

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What is accounting normalization?

1138

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SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

2214

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what is the enty for contract bill raised?

2478

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What is Statory Books ?

2428

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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

1990

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The main financial accounting statements?

1121

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is WCT aplicable on educational institutions also??????

1892

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How many accounting standards are currently published?

1174

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How calculate holding company account?

2187

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Why do users of accounting information need accounting information?

1069

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What are premises in accounting sense? What is vat adjustment?

1133

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while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2461

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