Answer / jitu

if business is not that much large then this amt of five
lacs is a very large so it should be consider as loan given
to partner and certain percentage of interest should be
recovered from him, if business is very large and five lacs
is not having more impact on running of business it should
be considered as drawing of the partner and if interest on
draweing is not mentioned firm can not charge interest on
drawing same case in loan also but ya because of this
conflicts arise between partners and business go in to
liquidation.

how to know which item is contingent liability? and why it is not taken in treatment in final a/c....

1 Answers  

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even if trial balance matches there is an error of wat???

1 Answers  

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 A firm pays commission to its manager @10%on profits arrived at after charging such commission.What will be the amount of commission if the profits before charging such commission is Rupee 22,000?

2 Answers  

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What is the entry for provision of baddebts

5 Answers  

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how to calculate the per unit cost of production

0 Answers   Samad Industries,

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WHY NOT SHOWING CLOSING STOCK IN TRAIL BALANCE

4 Answers  

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what is accural ledger

3 Answers   Bank Of America, HSBC,

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Explain what does financial statement of the company includes?

0 Answers  

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What is difference between Expense and Expenditure ? Please explain in detail..

4 Answers   Chevron,

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Why SAP Fico module is given more importance than Tally & other softwares

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I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.

4 Answers  

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sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?

0 Answers  

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