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Journal entry of outstanding wages is Wages a/c dr TO O/s wages a/c In the Above journal entry why outstanding wages has to be credited ? and o/s wages comes under which account, and why (Personal, Real, Nominal)
7 31789I cleared IBPS exam Basically I belongs to A.P. but I applied for karnataka will they accept me?
2 5089how can we do salary entry. inwhich gross salary, da, hrs, pf esi etc. included. tell me what is the journal entry for this type of question.
3 8962i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to pass journal entries
3 5912please explain me, if I pay salary advance 3000 to satish then how to record entry, for payment, journal, adjustment if salary is 1500/month please send me correct entry shortly
2 7023Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
1919On January 20x2, the balances of ABC Ltd's provision of doubtful debt account was $1510. During the year, a total of 3750 of account recievable was written of as bad debts. The balance in the provision for doubtful debts account at 31st Dec was 1450. What is the total amount of bad debt recognised this year?
2 4624The 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
2375Post New Accounting General Questions
Tell us depreciation and its types?
What is the revenue recognition principle?
Tell me how you can adjust entries into account?
What is the procedure of submit bank guarantees and cancellation.
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.
Explain what is double-entry accounting? Explain with an example?
What is general ledger account?
Hey can any body tell me..What are negative assets?
What is vat adjustment?
What is the difference between inactive accounts and dormant account?
If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .
What are negative postings?What are Credit memos ?Payment Requests ?
What is capital adequacy ratio? What is demat account?
Do you know what is project implementation?
