Answer Posted / ranjit

Loss by theft Account Dr 1000
Cash/Bank A/c Dr 4000
To Purchase Account 5000

when receieve cheque from a party and we deposite cheque in bank how do this entry

5191

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Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?

1897

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what is casual receipt? is it exmpted in income tax?

3839

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Explain me what is assets minus liabilities?

1061

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WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM

2132

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Explain me your current/former role, your responsibilities, and how success is/was measured?

1168

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Tell me what is “deposit in transit”?

1059

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Which accounting application you prefer most and why?

1153

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Explain the meaning of long-term notes payable is or long term liabilities?

1212

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If the company acquires equipment prior to incorporation what are the accounting entries?

1615

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Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?

2229

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When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .

1591

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in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

5089

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What is fbt (fringe benefit tax)?

1145

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How to group the companies in tally?

2057

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