Differentiate accounting and auditing?
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I have received a cheque from customer and i deposited into the bank next 4-5 days cheque has been bounced by the bank. Pls tell me what is reverce entry in the tally for cheque bounced and which option i will enter in journal or payment entry. Salary . is it direct exp or indrect exp.
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1 Answers Chartered Accountant,
journelising the following? dpereciation of plant & machinery rs 30000/- interest accrued but not received Rs 15000/- prepaid insurance Rs 10000/- drawings of cash Rs 5000/- withdrew goods for personnel use Rs 2000/- what is cost centre? How do you verify the correctness of material control system? How many directors are required at a minium for Private ltd and public ltd companies? How do you compute the following ratios? current ratio net profit ratio gross profit ratio debt service coverage ratio sales turnover ratio
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