hai sir,
ice factory power bill how to enter in tally.
means : we are paid monthly bill through bank .
how pass journal and which head of account
Answers were Sorted based on User's Feedback
Answer / manguli charan pradhan
Power bill a/c debited(under indirect exp.)
To bank a/c
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / divyakhatri
By Power bill a/c dr(under group indirect expenses.)
To cash a/c
Is This Answer Correct ? | 0 Yes | 1 No |
If we follow accrual basis of accounting....will it be in conflict conservatism concept?
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Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
when do we claim service tax credit?for eg: in a company they are not claiming any service tax credit for their telephone expenses incured? what would be the reasons for not claiming it?
EXPAND___________KFCC
explain how the accounting concept of prudence is observed when a business provides for the depreciation of its non current assets
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