Choose the right answer
When diesel supplied to the hired vehicle we have to credit
1.Diesel 2.Hire 3.Owner of the vehicle
Answer Posted / parul
it will be debited to owner of the vehicle a/c. sequence of
the entries will be as follows:
1. hire vehicle rent a/c dr.
to owner of the vehicle a/c
(when vehicle hired)
2. owner of the vehicle a/c dr.
to hire vehicle rent a/c
(when diesel suppliedand)
3. hire vehicle rent a/c dr.
to cash/bank a/c
(when cash paid)
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
What is outsider equity and time interest period ratio?
2Create a program that accepts a number and output its equivalent in words (maximum input number is 3000). for example Enter a number: 1380 one thousand three hundred eighty
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
Feature of Master letter of credit of Garments manufacturing company?
define fixed assets
what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.
Explain Cash Basis of accounting
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
what is buy bach shares?
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing
Short Answer on _________Business
plz send me the accounting questions and answers of bank of america.
I want to know with example of vat & Salestax
types of inventory