Answer / lxmi1972

AS--- means "Accounting Statndards"

What is goods and what is assets for an organization.if the organization is an educational institute

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"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

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Tell me what is gaap?

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Explain me scrap value in accounting?

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What is column cash book?

6 Answers  

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GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

0 Answers   IBM,

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what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..

1 Answers  

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what is the difference between NEFT and RTGS ?

2 Answers   Banking,

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what is ccr rate

2 Answers   IBM,

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What is the difference of cost accounting and financial accounting?

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Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?

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What id The Differed Tax Liablity

2 Answers  

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