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 14999how to make conversions from tally to ms excel sheet like profit & loss a/c and balance sheet & trial balance
3 10551work 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 14728During 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 5813can 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?
2756Post New Accounting General Questions
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
Recent banking question for 2015 interview for scale2 exam of sbm
What is the difference between Accruals and Provisions?
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
Define public accounting?
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
Explain fictitious assets?
adjustment entry showing in tally such as outstanding salary prepaid salary etc.
You are a B.E Student? How can u manage Banking?
Explain me your current/former role, your responsibilities, and how success is/was measured?
sale cycle
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
how many times we can deposit the old currency in one a/c in the bank