Financial Accounting
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how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
How to pass workscontract sale invoice which includes WCT & VAT.
Tell me what is the equation for acid-test ratio in accounting?
8- What do you understand by accounts receivable and accounts payable and its schedule?
why loose tools are not treated as current asset?
What is the difference between capital expenditure & revenue expenditure
Under what type of account do the unearned revenues fall?
Types of vouchers with explaination
what is Goodwill? What kind of Asset for the company?
1.Closing Inventory consists of 1,100 units. What would be the cost of Closing Inventory under FIFO and LIFO methods? Opening Inventory 1000 units @ $ 10 $ 10,000 Purchase (1) 800 units @ $ 11 $ 8,800 Purchase (2) 500 units @ $ 14 $ 7,000 Purchase (3) 400 units @ $ 12 $ 4,800 Purchase (4) 300 units @ $ 13 $ 3,900 ------------ ----------- Totals 3000 units $ 34,500 ======= ======
What is computerized accounting?
When we received payment from creditors
Audit 
