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 14189how to make conversions from tally to ms excel sheet like profit & loss a/c and balance sheet & trial balance
3 8953work 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 12995During 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 4704can 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?
2257Post New Accounting General Questions
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
can we change date in tally.erp s/w in educational mode ?
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
How can you define departmental accounting?
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
What is accounting
how to prepare brs statement for company in tally
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
what is a register when referring to accounting or bookkeeping?
What are the 4 types of ppe?
Tell me why did you select accounting as your profession?
journal entry for prepaid insurance and salary outstanding
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
Define "book value" as applied to accounting
Explain the meaning of long-term notes payable is or long term liabilities?