what is the jurnet entry ? why
- 4 Answers
- 4855 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manojs
it's nothing but transactions of day to day activities of
business.
| Is This Answer Correct ? | 4 Yes | 2 No |
Journal Entry means recording of Transactions which will
effect the Books.
Journals entries can be passed only for non-cash items.
Bank Entries should not passed through JEs(Of course, in
ERP environment, it is possible)
This used to rectify the errors happened in one account to
other,
Closing Entries will be passed through JEs
Journal Entries are the one which will also be the deciding
factor for Profit Loss Account.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / anil
1 The entry that all voucher as sale,purchase cash & bank
reverse entery ( then entry worng )
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sanju
The entry that is coverd under all voucher as sale purchase contra.
| Is This Answer Correct ? | 3 Yes | 5 No |
What is the Journal entry for advance given 1000 from petty cash and 800 spent to puchase keyboard and mouse . 200 returned.
what is assest and liability? give examples
Why Capital is Posted in the credit side? Concept of it briefly .
What is Contingent Liability?
4 Answers State Bank Of India SBI,
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
interest received comes under which head
What is Mixed Invoice
what is the final accunt
what is cost unit n what is cost sheet?
What are the different accounting entries generated in PP cycle.
Can Minority Interest be negative or equal to zero?
Name three (3) fixed-income security data points, which are different from those provided for equity securities
Audit 
