I would like to know about work in progress, when we will debit WIP under Asset a/c head in balance sheet, the credit will be allocated under in which accounting head? whether its under purchase a/c or income a/c ? expecting detail explanation?

2 Answers  

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what does AS 18 stands for?

1 Answers   TATA,

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Do you think accounting standards are mandatory and why?

0 Answers  

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Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es

0 Answers  

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How can you do credit control?

0 Answers  

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what is the meaing of Purely Temporary Erections as per income tax act

1 Answers  

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Define a company's payable cycle?

0 Answers  

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How to approval an invoice

1 Answers   Accenture,

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The following figures have been extracted from Katerina’s books of account for the month of April 2010: $ Sales 460 000 Total variable costs 299 000 Total fixed costs 90 000 Profit 71 000 (d) Calculate the sales in dollars necessary to make a profit of $100 000.

1 Answers  

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what is the meaning of preliminary expenses

1 Answers   Cap Gemini,

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DIFFERENCES BETWEEN MANAGEMENT ACCONTING AND FINACIAL ACCOUNTIG

1 Answers   EXL, Wipro,

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difference between account payable and bills payable

1 Answers  

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