how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
Period I :- Sales= Rs 15000. Profit= Rs 400. Period II :- Sales= Rs 19000. Profit= Rs 1150. Calculate : a) P/V ratio. b) Profit when sales are Rs 12000. Cc) Sales required to earn a profit of Rs 2000. d) Margin of safety in period II. e) variable cost in period I.
We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry
cash A/c Dr 500
customer A/c Dr 630
To Sales 1130
is this entry is correct ?if not please give me exact entry
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sir i am working in construction company.we have more than
one projects.i enter the attendance projectwise in
payroll.if payroll autofill i want project wise salaries
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My question is.. I Received the amount from party through
1. Actual received from party $1000 @ 32.70 = 32,700
baht(service charge included )
2. Bank Charge 500 baht
3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht
4. and bank charge 500 debit on party account also.
For the First three transacion on account
bank account dr 32200
bank charge dr 500
party cr 32,500
ex. fluxation cr 200
how can treate the 4th transaction.
thanks in advance
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT
THAT OF THE FINANCIAL ACCOUNTANT