Interested to Buy Any Domain ? << Click Here >> for more details...
If We Purchase Service Of Bl Fees; Is It Necessary To Make
Entry As
XYZ Co A/c. Dr
To BL Fees A/c.
Or Just To Make Entry As
XYZ Co A/c. Dr
To Purchase A/c.
Is It The Wrong In Audit Or Any Gen Check Of Entries.
- 2 Answers
- 4391 Views
- I also Faced
- E-Mail Answers
Answer Posted / kishore aggarwal
I think entry will be
purchase a/c dr
To xyz co a/c cr.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Tell us how can you define departmental accounting?
what is the difference between accounting and bookkeeping?
In accounting, how do you define the premises?
What is the provision?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
how to caluclate tds from emloyees and others
hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
input vat, wht use in wct
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10
what is the accounting treatment in tally of free goods received with goods purchased.
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
What are mis reports and how do you prepare it?
What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
