i am normally accountant. i am not a CA. then i learn a account maintain

0 Answers   Airtel, State Bank of Mysore SBM,

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journal

1 Answers   Bank Of America,

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WHAT CAN CLOSING STOCK SHOWING IN TRIAL BALANCE

4 Answers  

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what is DOUBLE TAXATION

2 Answers   MoveiT Infra Services,

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Accounting golden rules?

3 Answers   ACS,

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if my company Purchases a raw material from other trading company and paid that amount by trading company owner account this case ? how to entry are reported?

0 Answers  

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What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

0 Answers  

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what is portfolio

2 Answers   Reliance,

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M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

0 Answers  

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1. If i receive one invoice from our contractor on 01.08.10 , but the invoice date 30.07.10. My question is in what date i should take into account this transcation (i.e 30.07. Or 01.08.10) 2. If i receive a cheque from our customer on 30.08.10 but its not possible to deposit in the same date, because of closing of bank hours, it is possible only to deposit the cheque on next day only. In this case which date i should taken for account the transcation.

3 Answers  

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CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION

16 Answers   IBM, OPI Global,

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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...

0 Answers  

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