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$198 owing by Brass Instrument Ltd is to be written off as a bad debt? how to pass the journal entry for this question?
1 4506An amount of $287 written off as a bad debt in a previous accounting period was received from photo services. How to pass the journal entry?
2 47201, How enter Accumulated Deprication Journal Entry, (Land& Building Value 500000 AED, How to pass entry?
4 7848"i have received half of the salary in advance and another half in the end of month" what will be the journal entry for this?
6 16659Post New Accounting General Questions
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
Cost Accounting
Tell me how can you define departmental accounting?
If the company acquires equipment prior to incorporation what are the accounting entries?
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.
how to geting finished goods cost with included it's all BOM and all production order cost in sap?
Tell us depreciation and its types?
WHAT IS OPERATING CYCLE?
By saying, perpetual or periodic inventory system; what do we mean?
What is the marginal cost formula?
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
what is the Differed Tax Liability & How it is calculate ?
What do you find most satisfying about this job?
