I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
How do I pass entries towards advance paid to program ependiture. ex: Rs.20000 advance paid to Program officer. and he come back with program expenses venue Rs.1000, food expenses Rs.10000 and travel Rs.4000 and accommodation Rs.6000. Kindly give me the answer that how do I pass the entries and how should I adjust advance.
i am trying to set up a recurring reversing journal in
Oracle GL, my problem is i have income balance of £30k that
i only want to show 1/12th in a period over 12 months. can
any one help me set it up . i want to show
P01-13 opening balance £30k less £27500
P02-13 reverse P01-13 journal
P02-13 opening balance £30k less £25000 etc. or does anyone
know of another way it can be done automatically every month.
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND
sir i want to know that where we taken entry of sals
return in excise in manufecturing unit tell me .
Plz Give the Inventry Accounting Procedure
1.Domestic Purchases ( VAT,CST,& Excise)
2.Import Purchases ( Direct Expences & Excise )
3.When Will the Price Diffrence Entry Happen?
4.Cash Discount & Trade Discount On Purchases?
5.Domestic Sales ( VAT,CST,& Excise)
6.Export Sales ( Customes ,Excise )
7.Cash Discount & Trade Discount On Sales?
What we mean by MAT Credit Entitlement ???
'A' is running a manufacturing set up. 'B' sends raw
material (after paying CST) to 'A' for manufacutre of his
specified product and 'A' keeps 'B's stock in his godown.
Can 'A' buy this material from 'B' by raising a CREDIT MEMO
and in the books regularises by passing Journal Entry
Dr.Raw material inventory and Cr. 'B's Account.
what will be the treatment of preliminery expenses if due
to preliminary expenses being written off there results a
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT
GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL
How much is to be DEBT/EQUITY ratio to be a good company...???
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS
OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS
what is the difference b/w deferred tax exp and defeered
should Deffered Tax expense be deducted b4 computing Net
director wife expenses which entry
How can I find out my credit rating score for free?
We have wrongly used road permit of other party in
consignment to kolkatta.The road permit used is the party
from Kolkatta.How to resolve the issue ??
In case of new admission of partner what will be the
adjustment for the sharing ratios