Answer Posted / mudunuri
Purchase is meant for sale or Consumption in the manufacturing process or consumption in the execution of contracting works. Hence purchase of asset should not be treated as purchase
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What are control ledgers?
WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?
What are the steps to take before you approve an invoice for payment?
What are the reasons which cause pass book of the bank and your bank book not tally?
Cash bill of sale so the company can deduct the amount.
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
What is the difference in accounting and marketing?
if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.
Explain under what type of account does the unearned revenues fall?
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes
Explain different branches of accounting?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
What are bills receivable?
whats difference between manufacturing account & cost account