What are a debit note and credit note with an example?
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In tally, i want indirect expenses to be an outstanding expense for me in such a way that if i include it in the sales voucher, it should not add to the price of the product but rather only indirect expenses should be credited. How is it possible?
If balancing account is not assigned to company & is assigned to department wat will be the effects
vat will be charged on any type of transportation ?
Is accounts payable and bills payable the same?and B/R & A/R the same ?
Explain Sundry Debtors and Sundry Creditors.
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what show in balance sheet after deduct last depreciation of assets
what is the primary of for-profit organisation
Explain what is liabilities and what all does include in current liabilities?
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
what is difference between income and gain?
As there is a two types of rates of depreciation i.e as per Income tax Act & As per Company Law.But, in accounting process which of these rates should be taken ?