if u r work in showroom as a accountant.
one day owner's friend is come into his showroom and he want
to buy a 1 track-shoot but he confused and he take 3 track-
shoot with us and reply he only pur. 1 track-shoot & 2
track-shoot return after 3 days. so now what is entry passe
in account.?
Answer / rahul vala
Only monetary transactions are entered in the books of Account . Hence, when he actual buy trackshoot only that transaction will be record in the books of Account.
Is This Answer Correct ? | 0 Yes | 0 No |
Please let me have the detailed answer about journal entry in tally and difference between sales and journal entry.
What do you mean by the word Loss in nominal accounting Give some examples
Why does closing stock does not appear in trial balance?
why loss is posted on asset side in balance sheet?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
What are the important things to be remembered while preparing a bank reconciliation statement?
Do you know what is balance sheet?
What do you mean by balancing of ledger account?
state (5) accounting concepts and give 1 example of each
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity
what is the meaning of the amortization
Purchases book records: (a) All cash purchases. (b) All credit purchases. (c) Credit purchases of goods in trade. (d) None of the above.