how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you

1621

Explain what is bank reconciliation?

3821

Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.

2091

Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.

2430

what role did you play in collections?

1072

when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.

1871

M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

1804

Is financial accounting necessary?

1012

What are mis reports and how do you prepare it?

976

if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3721

My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.

1814

Tell me how many types of business transactions are there in accounting?

1024

What are the steps involved in project implementation?

1129

Tell me what steps would you take to increase revenue for this company?

969

What do you mean by ledger posting?

1028