What is a Prepayment and Explain the accounting entries

0 Answers   Accenture,

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what is bills payable and bills receivable?

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1) XYZ Ltd bought goods for Rs.200000 from ABC Ltd. The co gave 10% discount. give journal entries in the books of ABC Ltd and XYZ Ltd. 2) Goods bought for Rs.400000. While transporting goods destroyed. Insurance co agreed to pay 75%. post journal entries.

6 Answers  

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why journal entry are necessary

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How to entry cash & credit card sales in Tally ERP in One sales vocuher pls help me in this?

6 Answers  

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in Tally accounting programme where should I can make ledger for Work in Progress? under which accounting head? Eg. Debit will be under Current Asset a/c and what about credit? whether it is under Purchase a/c? or under Income a/c?

2 Answers  

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How many invoices on average do you handle on a weekly/monthly basis?

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Tell me what steps would you take to increase revenue for this company?

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Explain dual aspect term in accounting?

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what will be the tratment if company is going to buy a new plant/office . pls tell me how i consider all this transction in tally ex. advance given to party , ragistration exp, stamp duty paid, finel payment made etc.

1 Answers  

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have you ever been involved in an invoice dispute? How did you manage the problem?

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What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%

0 Answers   Luminous,

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