Answer Posted / jitu

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Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1557

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Tell me how can you explain the basic accounting equation?

1076

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Define public accounting?

1079

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Do you know retail banking?

1219

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what is book building

2288

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What are depreciation and amortization?

1128

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How to prepare in yearly turnover?

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pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

2032

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List the type of transactions entered in journal proper.

1148

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In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?

1885

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journal entry for goods withdrawn for personal use

2264

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EXPLAIN EACH SECTION PROVISIONS ON TDS?

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TDS %AGE ON CALLIBRATION CHARGES BILL

2057

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Is buy or sale trade will impact on Nov? Yes/No Please explain.

1906

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What are the important things to be remembered while preparing a bank reconciliation statement?

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