what is journal entry to make- provision for liablities and
provision for assets
- 2 Answers
- 14990 Views
- I also Faced
- E-Mail Answers
Answer Posted / shankar. c
Dr EXPENDITURE AND CR PAYABLES
EX AUDIT FEES 10000 DR
AUDIT FEES PAYABLE 10000 CR
(JOURNAL FOR LIABILITY)
DR TDS RECEIVEBLE 10000
CR INDIECT INCOME 10000
JOURNAL FOR ASSETS
| Is This Answer Correct ? | 11 Yes | 6 No |
Post New Answer View All Answers
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
what is joint venture?
.,can someone tell me how to compute the subscribed capital share?
what is pre settlements and post settlements in Derivatives?
Expand-------ATBN
where does the closing stock appears in the trial balance?
what are Blue-Chip companies?
Short Answer on ______Budget
how many schedules are there in accounting?
ACCOUNTING CONCEPTS AND CONVENTIONS
how history is helpful for banking?
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
WHAT IS B.E.P. CHART
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
