example: thing that u have order 100 goods from the vendor,
and he delivered only 80 goods,but he invoice u for 100
goods, then what will be u doing in this suitation?
Answers were Sorted based on User's Feedback
Answer / sridharan
If any Vendor Delivers the Goods in lesser No's we can do:
i) We can Return the goods and we can rise Debit Note
stating Goods returned due to Shortage in Quantity.
(or)
ii) We can raise a Debit Note For the Shortage(20)
Is This Answer Correct ? | 7 Yes | 0 No |
Answer / srinivas annavarapu
In this case first we will raise a debit note and ask the
vendor to issue Credit note for the same if we are ok with
80 qty and we will pay only for 80 qty.
If we require the balance 20 qty also, then for time being
we will raise a debit note and wait for the balance 20 qty
supply. Once we recd. the balance qty then we have to
reverse the debit note we raised earlier.
Is This Answer Correct ? | 1 Yes | 1 No |
Can anyone tell me that when we purchases a fixed asset like Machinery its our capital Expenditure and after acquetion of this assets the expenses like unloading loading, and some other parts for reparing purchase for this in which account i have to enter.
Amount received on sale of old news paper --------receipt
what is transaction?
let me know the meaning of Drawer,Drawee and payee of the cheque
11 Answers Bank Exams, Banking,
what is demeterilization
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
What is Capital Structue?
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
why do u think u can be selected in the job?
What is written off?
EXPAND_______________TTE
is India apply IFRS now?