the following information wads extracted ffrom the book of a business man :debtors as on 31/12/1987 $25000 bad debts during 1987 $1000.provision for doubtful debts is to be maintained at 5%. a provision for discount is also at 2%. you are required to calculate the amount set aside in respect of provision for doubtful debts and provision for discounts on debtors respectively
In the General Ledger.. When putting discounts, you put discounts on the DR side for Creditors and Discounts on the CR for Debitors.. Which side does discount go on for the rest of the accounts such as Purchases, M Dog, L Shirt, and L Dress?
When we purchase Some goods Like ( Machinery's) we want to generate way bill ? Kindly Clarify ....
Because recently we are purchased medical Equipment for our hospital use but vendor asking Waybill...Shall i give waybill or not Please let me know..?
What do you mean by the word Loss in nominal accounting Give some examples
What are negative postings?What are Credit memos ?Payment Requests ?
WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL
CADRE HELD IN APRIL-MAY 2010?
explain circumstances under which dissolution of solvent and
insolvent partners are applicable using garners v/s murray
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
how to calculate forefeiture of share when over subcription
what is book building
i wana give an interview as sr. excise officer what r the
question will asked by interviewer ??? Please suggest me so
I can clear inteview.thank u
who is the best faculty in hyderabad for sap fico with real
time exerience. if you know please send me his contancts
Can CPF share given by govt. added in the Financial gross
salary while calculating Total gross salary at the end of
Financial year.For eg: My gross salary is Rs.X during a
Fin. year & govt share of CPF is Y then Total Fin. Year
gross salary is =X+Y,is it correct?
When you prepare Profit and loss A/C either you will get
profit or loss but not both.Then why we are saying it as
profit AND loss A/C,why cannot we say it is as Profit OR
What is Bank Reconciliation Statement? How to calliculate in
What would be journal entry for--Encashed a bank draft
belonging to X?
Ans as given in textbook is Bank account debit to Cash
account credit.......But shouldnt it be Cash account debit
to Bank account credit...Wat do u guys feel??And do explain
ur answers..Thnx in advance