Pass journal entries
Purchased goods from mr x on credit 1000
Answers were Sorted based on User's Feedback
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
entry for cheque bounce
What is the difference between consigner and consignee?
what means by goodwill?
how to reverse the receipt cash entry & contra is also passed for it in tally erp 9
Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.
Balance Sheet comes under which account? a)personal a/c, b) real a/c, c) nominal a/c
What is the Difference Between Sales Tax and VAT ?
Tell me do you think there is any difference between inactive and dormant accounts?
WHY NOT SHOWING CLOSING STOCK IN TRAIL BALANCE
WHAT IS MONTH END CLOSING? AND WHAT YOU DO IN MONTH END CLOSSING PROCESS?
what is the difference between accounts and finance ?