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Categories >> Accounting >> Accounting AllOther


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what is the jornal entry for repairs
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
repairs a/c dr

to cash a/c
Is This Answer Correct ?    5 Yes 0 No
# 2
Repairs A/c Dr.
To Cash A/c
(Being Amount Paid For Repair of ......)

Reason Why: Because Repair is a kind of Revanue Exp. and it
will not Decrease the value if any asset and it will charge
from Profit and Loss A/C.
Is This Answer Correct ?    4 Yes 0 No
# 3
(dabit all expenses and losses)

repairs a/c------------dr

to party a/c (cr)

(Being repairs job work done by party)
Is This Answer Correct ?    1 Yes 0 No

Other Accounting AllOther Interview Questions
  Question Asked @ Answers
why net profit is added to balance sheet, is there any reason   3
SIR, Tell me the which software useful for the accounting procees . what is difference is between the finacial accounting and mangemeting what are responsebilitys for a company .   1
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.   4
how accountant calculatee depriciation   5
shareholder belongs to which one having shares both in equity and preference ITC-Infotech 3
how many state comes in eastern region of india? State-Bank-Of-India-SBI 4
what is balance sheet? State-Bank-Of-India-SBI 14
if salary p.m rs 70000 what will the rate of tds for assessment year 2011-2012   2
What is contingent liability. FactSet 5
Give Example for Intangible assets that is depreciable? Genpact 5
What is Money Measurement concept   5
proposed devidend is approved by .... options are: A.BOD B.share holder C.SEBI D.general body meeting   1
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