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Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
1065Post New Accounting AllOther Questions
What is the working formula for Inventory turnover
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
what is Calculation of Gross Profit Or Gross Loss?
while i creating a main asset master there is a error called process being terminated? pls send the solution
Which document should be attached with purchse & sales invoice?
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
How exchange rates are maintained in sap
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send me accounting test ppaers
What are the major responsibility's of an accountant? what are the qualities he /she requires?
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
how can i make transaction related to inflation account in sap ?
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
what is mean by ledger
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