how to enter the tender refund amount in tally ?

3363

Do you know compound journal entry?

668

What does it mean to do accounting training outside of public practice?

659

Tell me which accounting application you prefer most and why?

568

how will you adjust voluntary seperation payment in cash flow statement

1613

Are there any questions you would like to ask?

600

Tell me did you use accounting applications at your previous companies or prefer working manually?

639

Explain me by saying, perpetual or periodic inventory system; what do we mean?

625

Cash Processing

1954

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

1894

How many accounting standards are currently published?

664

give me examples of the accounting reports you have prepared

718

while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

1996

Can you name different branches of accounting?

597

What is the entry for provision?

596