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what is the meaning of invoice why company using this ?
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Answer / phillips
Invoice is a document that detail the price,quantity and
the conditions attached to the goods and services to be
provided by the 3rd party.
In a bidding for a certain goods and services,company
normally use it to make comparision between different
supplieirs to ascertain different price qouation and
aventually settled down for the one that meet the
particular demand or specification and also use for audit
purposes to ascertain the fair value for any purchased items
| Is This Answer Correct ? | 2 Yes | 2 No |
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while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
going concern concepts
Liabilities: 2006 2007 Assets 2006 2007 Trade Creditiors 100 40 Cash atBank 100 65 Bills Payable 50 60 Account/R 105 120 Outstanding Expenses 25 20 B/R 130 140 Bonds Payable 220 140 Inventory 110 40 Accumulated Depreciation: Machinery 120 160 -on Machinery 30 35 Building 300 310 -On Building 75 85 Land 60 130 Reserves 100 115 Patents 55 60 Retained Earning 130 170 share Capital 250 360 Profit from operation after providing Rs.10,000as depreciation on building and Rs.10,000 on machinery and Rs.5,000 as amortization on patents for the year 'April 06- March07' was Rs.35,000. Other revenues for the year were Rs.40,000. An old machine with original cost of Rs.15,000 was sold at a loss of rs.5,000. Prepare Fund Flow Statment and Cash Flow Statment for the year ending March 31 2007 based on the information given above.
i received cheque from the customer and deposited in bank please tell me the both entries in tally
2 Answers Shivani Agriculture,
how depreciation can be post in tally? for ex : dep on land & buildings (in which vocher we can post it)
WHAT IS DIRECT EXPENSES
PO Amount is 100000 Jv is Purpose A/c To Party A/c First payment is 10000 TDs is 1000 What is the Payment enter in tally
hwo to joine accountancy
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how to treat accounts receivables and accounts payables in accounting. Which entries are done .
We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.
Audit 
