Contra asset accounts have credit balance and are an offset to a related asset account ? true or false .

3 Answers  

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1) XYZ Ltd bought goods for Rs.200000 from ABC Ltd. The co gave 10% discount. give journal entries in the books of ABC Ltd and XYZ Ltd. 2) Goods bought for Rs.400000. While transporting goods destroyed. Insurance co agreed to pay 75%. post journal entries.

6 Answers  

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how would you describe youself

1 Answers   ABC,

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PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE BUILDING IS VALUED AT RS 1,10,000 AND REMINDER OF THE VALUE IS ASSIGNED TO LAND. WHAT WILL BE THE JOURNAL ENTRY

4 Answers   Chartered Accountant,

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Goods costing Rs.40000 was lost by fire but 3/4th of the claim was accepted by the insurance company

1 Answers  

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what is net worth ?

12 Answers   Capital IQ,

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cash credit taken from bank then what is the general entry?

0 Answers  

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what is the difference between "reserve" and "fund"

1 Answers  

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What is "deposit in transit"?

0 Answers  

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in tally software, how is the entry for stock brought by owner in to the business as capital?

1 Answers  

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What is the due date of Filing PF return? Is it being filed half yearly or annually?

1 Answers   Honda,

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Do you have any professional experience in this field?

0 Answers  

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