In our company we are making payment through X bank and again we opened a new account in Y bank and we deposited cash in this bank rs.10000.and cash is used from X bank. then what will be the entry & how to adjust with old bank
What is the general net worth percentage banks will observe
while sanctioning the Loans for Tranding, Construction and
A and V enter into a joint venture to sell a consignment of
biscuits sharing profits and
losses equally. A provides biscuits from stock Rs 10000. He
pays expenses amounting
to Rs 1000. V incurs further expenses on carriage Rs 1000.
He receives cash for sales
Rs 15000. He also takes over goods to the value of Rs 2000.
The profit on joint venture
All Interview related Questions pertaining to General
Ledger,Finance & Accounts.
how to pass journal entries for reverse tax on input tax paid
what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item
2.whther errors of omission will affect the trial balance
in our co we are sales of good to branch in order
sales+fright, branch made jv entry in own book as full amount
debit and credit. now our book show sales without freight but
branch shows including freight that why differences is arise due
to wrong entry passes pls clarify this entry and this entry is
done last year book now balance is finalize.
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
how to pass provision salary full and settlement(inclusive
Bonus,Gratutity etc )please show me entry
Different types of Balance sheet
How do we calculate the cost of investment?
Is buy or sale trade will impact on Nov? Yes/No
Mohan sold goods on 1st sep 2009 for the rs 200000/- to
sohan immediatly accepted a 3 month bill.on the due date
sohan request for the renewal of the bill for further
peirod of two month .mohan agree to pay interest @9% per
annum to be inculuded in the new bill .
determine the amount of new bill?
How can pass reverse entry to close the account.
If the Asset sides is greater then liabilities side and vice versa, then what can I do.
At the time of depreciation run we selected actual dep key is
5% but we taken 7% so the depreciation was posted wrongly how
to rectify it?
what is balance sheet, capital budgeting, financial
statements, current ratio, profit maximization?