if we paid the amount through credit card what will be the
entry and credit card purchases under which group
Answers were Sorted based on User's Feedback
Answer / suresh kumar
Expenses/Assets A/c.....Dr.
To Name of Bank A/c
(Credit Card Bank)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / d.c. bansal
Expenses/Assets A/c.....Dr.
To Credit Card A/c
| Is This Answer Correct ? | 3 Yes | 4 No |
if sale is rs 500000 lac and book profit is around 40000 thousand, what is the procedure to pay salary to working partner.should is pay as per deed or should i go with slab in which i can pay 90% of book profit as salary
What is the basic accounting equation?
Which Entry Contain all three accounts Principal(Personal,Real, & Nominal)
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
if current ratio=2.5 : 1 liquid ratio= 1:1 closing stock=rs 45000 calculate current assets current liabilities liquid assets
What are the purposes of maintaining control ledgers?
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
What do you mean by contingent liability?
Subsidiary ledger and the benefit of making it, explain?
What is accounting
Explain accounting 101?
how would you describe youself