on 01/04/2009 Goods sold to Mr."A' on Credit at $ 1000. Exchange Rate :- 01/04/2009..........$50.00 at payment Date Exchange Rate :- 01/05/2009..........$48.00 What is Journal Entry..?

2 Answers   GTS,

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what is service tax & excise? How will it be charged?

0 Answers  

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Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!

0 Answers  

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what is the difference between profit and revenue?

5 Answers  

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What is journal entry to create the Provision for Bad & Doubtful debts?

13 Answers   ABS, Infosys,

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Revenue Expenditure

0 Answers   Chartered Accountant,

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What is PBG & ABG in term of Contract for supply?

2 Answers   ITP, JDM Pharmatech, Jubilant Organosys,

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Explain me how much mathematics knowledge is necessary or required in accounting?

0 Answers  

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The following are the transactions with respect to goods traded by Gopal- i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash iii) Bought goods Rs.45,000 from Suresh & Co on credit iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000 v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs 9000) vii) Received cash from Gangadhar Rs.11,500 in full settlement. viii) Paid carriage charges on the goods purchased Rs.2,000. Find out the closing stock as on 31 -1-2005. Also, find how much is still due to Suresh?

14 Answers   ICA,

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Apportionment of expenses

0 Answers  

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which is best CA or MBA?

1 Answers   CESU,

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Can you name different branches of accounting?

0 Answers  

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