in reply of sreedapa answer ,suppose for the m/o march
telephone expense is Rs.800 and for the m/o april Rs.200
For this we will pass tthis entry :
Telephone expenses Dr 800
To Tel expenses payable 800
Telephone Expenses Payable Dr 800
to Bank/cash 800
(For the m/o march)
And for the m/o april, we will make the provision in the
Telephone expenses Dr. 200
To Telephone Expenses Payable 200
How to treat company managers personal expenses met by
company if he is not taking salary from company and in
future salary will be payable after deducting all personal
expenses (salary amt will be decided only at paying year).
pass journal entries
What is the diffrent job&project accounting?
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
3.In TALLY,we used to call tally erp 9.like that,in sap we
used to call SAP ECC 6.0.here what is ECC?,i know the
abbreviation of ECC.i want to know the role of ECC?
During Cutover Activities of New SAP Implementing Company
what we have upload for Closed Fiscal year (that means
Legasy to SAP ) Balance sheet or Trial Balance , What is the
difference of the Both?
Raj & Raj Ltd purchased a machinery on 01.01.1996 for
Rs.88,000.The life of the machine estimated to be 5 Yrs.It
was calculated that the old machinery would fetch Rs.8000
at the end of its useful life.it was decided to replace the
machinery at the end of the 5th year by setting up
depreciation fund and invest the annual depreciation (along
with interest earned each year) in gilt edged securities
carrying interest at 5% p.a. At the end of the 5th Year the
securities were sold for Rs.9000.As per the sinking fund
table Rs.14,478 is to be invested every year.A new machine
was purchased on 01.01.2001 for Rs.1,00,000.pass the
journal entries and show the ledger accounts
Paid office electricity charges Rs 15000/- and Ram
partners residence electricity charges 1250 thr andhra bank