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As a Manufacturer we are paying service Tax on Inwards freight and the same amount we are taking as a credit against payment of Excise duty. So,Pls clarify how to pass JV
1 3083ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
ABC,
24231. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.
1 3611How we can create ledger for goods purchased from 1) Registered 2) Unregistered 3) Tax free Goods in Tally with examples its very urgent.
1 2537Post New Accounting General Questions
Tell me how many types of business transactions are there in accounting?
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.
Contrast bookkeeping and accounting
How do you build a successful business relationship?
Is buy or sale trade will impact on Nov? Yes/No Please explain.
what is accounting cycle ?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
What are the advantages of double entry system?
How can you do credit control?
What is accounting transaction?
Who is the sundry creditors
As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?
Explain what is involved in the process of double-entry accounting?
