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How can I pass the journal entry for Work in progress. I would like to know that where should be the debit and credit allocated in accounting system. eg. WIP debit will be under asset a/c in balance sheet what about credit? pls.help me
1 14936how to make conversions from tally to ms excel sheet like profit & loss a/c and balance sheet & trial balance
3 10429work in progress for a construction company this year is Rs.5,00,000/-.In balance sheet Rs.5,00,000/- will be debited under current asset a/c but the credit would under which account.and next year what will be the entry.please answer me in detail.
6 14550During the Interview in a Company the Interviewer asked me that Why the Depreciation Rate as per Income Tax Act & Companies Tax Act differs, please answer this quetion ?
2 5710can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
2726Post New Accounting General Questions
What is the revenue recognition principle?
how to do asset appreciation in sap?
what is profit maximisation
how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com
Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.
As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
As you know any other accounting application?
Do you know what is icai?
Explain me what makes a successful account manager?
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
List the type of transactions entered in journal proper.
purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c
