Is accounts payable and bills payable the same?and B/R & A/R the same ?

2 Answers  

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I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.

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how to value stock?

1 Answers  

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1. If i receive one invoice from our contractor on 01.08.10 , but the invoice date 30.07.10. My question is in what date i should take into account this transcation (i.e 30.07. Or 01.08.10) 2. If i receive a cheque from our customer on 30.08.10 but its not possible to deposit in the same date, because of closing of bank hours, it is possible only to deposit the cheque on next day only. In this case which date i should taken for account the transcation.

3 Answers  

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How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

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Jurnal for interest chrgd by bank- Interest a/c dr To bank Bank is real a/c Que is why bank is credit as d rule is dr d reciever

3 Answers   Wipro,

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What accounting Treatment we should do while we received Amount Rs 39200 After deducting Tds 800 From Invoice Amount 40000. Kindly also explain for deducting Tds should be booked under which Head of Tally.

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vijay sir, Pls, tell me what's the difference of school fees and tution's fees.pls. explain briefly.

1 Answers  

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hi 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?

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what is miscellaneous expenditure??

1 Answers   Accounting,

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What is Venture Capital ?

10 Answers  

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what is difference between company and firm

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