When a business man take his net profit from his firm, how will make the entry in cash book?

3 Answers  

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We are facing problem in Capital Goods when our other unit send us Capital goods we book it in Fixed assets but if we transfer the same capital goods to other unit we have to make sale bill in which this item goes to inventory, and the qty is shown as negative balance, but our unit is asking for Invoice, Please explain how we will settle this qty from assets as per excise rule.

1 Answers  

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Reports in Accounts Payable

0 Answers   Accenture,

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when a customer buys a good. we have to debit bank and credit inventory equaly. but wouldnt selling a good make a profit?

0 Answers  

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What is the difference between capital expenditure & revenue expenditure

2 Answers  

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What is MIS report and Expalain with Explamples by using MIS format

4 Answers  

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What is Bill of Exchange.

3 Answers   Syndicate Bank,

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Explain the Depreciation, objectives for calculating the depreciation and various method for calculating depreciation

1 Answers  

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Golden Words Of Accounting?

3 Answers   UTC,

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What is meaning of Corporate Assessee & Non Corporate Assessee? Corporate Market & Non Corporate Market?

9 Answers   Chartered Accountant, IBM, Tally Solutions,

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what is core accounting?

0 Answers   GIS, Tech Mahindra,

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How do u calculate closing stock in training account?

6 Answers  

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