when we compare to bank statement with the our pass book the enteries are opposite why this happens?
1 2609iam working in small industry there some bills are not having even the shop name and contact.no. whether i should consider that expenses or not if yes, whether that bill attach with the voucher?
2 3857hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
1895I would like to know about work in progress, when we will debit WIP under Asset a/c head in balance sheet, the credit will be allocated under in which accounting head? whether its under purchase a/c or income a/c ? expecting detail explanation?
2 7279Post New Accounting General Questions
As you know account executives need to be talented salespeople. Do you have experience making sales?
How to prepare HSD statements in tally
When we received payment from creditors
Explain me scrap value in accounting?
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
How create the invoices?
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
What is corporate assesses?
What are the elements of the accounting equation?
Do you know what is double-entry accounting? Explain with an example?
why only 6 months interest is charged on drawings
Why do users of accounting information need accounting information?
can we adjust margin money paid to bank to open a Bank Guarantee in stock statement while calculating Drawing Power
Follow up ageing balances of Debtors & Creditors and also Inventory
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
