Dear Sir,
We are running a security agencies (Man power Service
Provider)we bought security uniform from our vendor. please
suggest us, we may make entry through Purchase Entry or
Journal Entry what is suitable for accounting ???
- 3 Answers
- 4423 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prabir kumar dey
This kind of transaction is not purchase but direct expenses.
Purchase entry will be created when it is sale or mian income
source for the company.
So the JV is
Direct expenses A/c ( Uniform Purchase) --- Dr.
Cash or Bank A/c ----------------------- Cr.
| Is This Answer Correct ? | 3 Yes | 0 No |
Capital secure should be shown in which side of the balance sheet?
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.
what is difference between trail balance and balance sheet
2 Answers MC Packaging, Wipro,
Follow up ageing balances of Debtors & Creditors and also Inventory
What is Trading Account? What is the significance of this account?
What is net Facilities?
Why don't show the opening & closing stock in Trial Balance.
What Is ROC? Explian briefly?
What are the request will be submitted at the time of running payment batches
what is joint venture & venture capitaling
amount drawn from propritors s b a/c Rs : 10000/-, intridused in propritors current A/c same amount, and same Rs :10000/- withdrawn by the propritors. please pass the entries for this transaction in double entry system.
Audit 
