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Answer Posted / ramsingh shankhala
purchases a/c dr 6500
To cash a/c 6500
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dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
Who owns the general ledger?
Where a cash discount should be recorded in a journal entry?
please explain all accounting concepts n conventions in detail
What are the different branches of accounting?
What is computerized accounting?
What is invoice processing can u explain it?
what is the last date of deposit TDS on liability for the assessment year 2010-11
how to account branches in tally
what is general accounting
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
Explain in simple terms what is the difference between asset, equity, and liabilities?
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
shares convert into share capital what is the journal entry? how many ledgers need to create?
Tell me which accounting application you prefer most and why?
