Answer Posted / arun k sharma

Purchase A/C Dr 7500
Vat Charges A/c Dr 375
To Cash 7875
(Being rice purchased)


Comment: Rs 7500 for 2 Kg rice, not 7500 Rs per Kg, Thanks

Explain the Invoice verification process

2759

---

What is mutual fund sub accounting?

1096

---

simply define shares and debentures

1678

---

HI I AM WORKING IN A INTERIOR DESIGNING COMPANY.WE ACTUALLY GET PROJECTS FROM CLIENTS & WE SUBCONTRACT THE WORK WE USUALLY SUBCONTRACTS THE SUPPLY OF LABOUR & SUPPLY OF MATEIALS TO SUBCONTRACTORS.WE DONT HAVE LABOURS OF OUR OWN & ALSO PRODUCTION OF MATERIALS.HOW CAN I TREAT THIS IN TALLY IS THERE ANY OPTION AVAILABLE IN TALLY FOR SUBCONTRACTING OR SHALL I ENTER THE NAME OF SUBCONTRACTORS AS SUNDRY CREDITORS AS WE DO USUALLY IN TALLY.PLEASE DO LET ME KNOW ABOUT THIS 0554125475 IS MY NUMBER

2062

---

Define partitioning in accounting?

1565

---

What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?

1187

---

dear i want basic a\C's oriented question. these are asking in mostly all mnc companies

1945

---

Why have you applied to our firm?

1099

---

what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716

3791

---

Explain me where a cash discount should be recorded in journal entry?

3978

---

what is the accounting treatment in tally of free goods received with goods purchased.

7079

---

what is ment by suspence account and dummy account

1993

---

Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1537

---

lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples

2028

---

What is dividend warrants?

1145

---