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.
what is audit mean?
what is vouching?
how to finalize the account?
what is the meaning of
< as per last year auditor’s a/c
^ as per ledger
JV journal voucher
PV payment voucher
AJV authorised journal voucher
APV authorised journal voucher
RV receiving voucher
PCV petty cash voucher
CPV cash payment voucher
DN debit note
DO delivery order
PO purchases order
CN credit note
PS policy schedule
RPS renewal policy schedule
Cx cross check
nCx cannot cross check
CB cash bill
SRF stock requisition form
OR office report
DS deposit slip
AB assessment bill
ECF entertainment claim form
ATRF air ticket requisition form
if we have charged vat @ 5% instead of 4% ,how can we
rectify that invoice ?we have already send that invoice to
our client and we have received that payment also .Invoice
Kindly advice on that .........
whether octroi service charge levied on entry tax? and
is service tax levied on octroi service charge?
what about the manapuram fm
what is similarites between tata motors and airtel
At the time of death of a partner, firm gets ________ from
the insurance company
against the Joint Life Policy taken jointly for all the
(a) Policy Amount.
(b) Surrender Value.
(c) Policy Value for the dead partner and Surrender Value
for the rest.
(d) Surrender Value for all the partners.
.,can someone tell me how to compute the subscribed capital
What is Vat and how it is adjustable with input vat and
what return form required for DVAT?
IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE
DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE
TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.
Questions on Purchase Book & sales Book .Balance sheet ,
Purchase & Sales Return
What is BRS Adjustment entry?
Explain the word Liquidation
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st
October, 2005. Transportation
and installation charges were incurred amounting Rs. 10,000
and Rs. 4,000
respectively. Dismantling charges of the old machine in
place of which new machine
was purchased amounted Rs. 10,000. Market value of the
machine was estimated at
Rs. 1,20,000 on 31st March 2006. While finalising the annual
accounts, A values the
machinery at Rs. 1,20,000 in his books.
Which of the following concepts was violated by A?
(a) Cost concept
(b) Matching concept
(c) Realisation concept
(d) Periodicity concept.
you buy a $100 asset. $25 cash, $50 debt, and $25 new
equity. Explain how the 3 financial statements (IS, BS,
CFS) will change.
how i get h form
euro currency market
The following transactions relating to ABC Ltd for the month
a) Services performed in relation to income recieved in
advance total $1500
b)Supplies expense includes $400 of supplies that are still
on hand at 30 June
c)Interest accrued on the bank loan is 750
d)At the end of june paid rent for 3 months (June, july Aug)
e)Credit sales for the month of June 2009 amounted to
$50000. Past expierence shows that around 1.5% of net credit
sales are written off as bad debts. XYZ ltd, previously
notified ABC ltd that they have gone bankrupt, will be able
to pay $1000, which was recieved at the end of the month.
The provision of doubtful debt has an opening balance of
f) The owners of ABC Ltd wish to revise the balance of the
provision of doubtful debts account to $3500.
g) Depreciation of one year on the delivary van is $1500.
h) On 30 June 2009, ABC Ltd sold an item of equipment for
$40000 cash. The cost of equipment was $50000 and had a
accumulated depreciation balance of $2000
Prepare the relevant adjusting journal entries for the month
of June 20x2