If a company Purchased Cotton Waste.. it comes under which expense/ how to treat in account

Answer Posted / nayak

Sundry Expenses

Is This Answer Correct ?    0 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.

1655


A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.

1750


Do you use social media to identify prospects?

690


The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

1914


What is the difference between inactive accounts and dormant account?

699






Differentiate between consignor and consignee?

680


Tell me what do you think is bank reconciliation statement?

656


i want to know f form and how to use and how can purchase

1429


What is the difference between consigner and consignee?

625


what is debit balance report in SAP?. how do you describe DB report in brief.

1534


Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?

1422


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

600


Tell us what do you believe should be an important quality of an account executive?

558


Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?

3425


What is accounts receivable?

701