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What is the Bank Reconciliation? And How i can do its entry in busy Software
How can I pass the journal entry for work in progress for a construction company for every end of the period and what should be for next period? I would like to know the debit and credit should allocated where in an accounting system?
what is meant by deferred revenue expenditure?
How to calculate PF with example
18 Answers manappuram, Meta Arch, The Chennai Silks,
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Company A has purchased goods worth Rs. 25000 from company B and made the cash payment of Rs 5000 and remaining will be payable with in 30 days. Assume that there is a late payment charge @ 2% on remaining amount as the invoice was received after due date from company B. Pass the journal entry in the books of company A for all the above transactions.
what are the tricks in posting trial balance ?
Mention whether the account "cash" will be credited or debited when a company pays a bill?
A and B are partners sharing profits and losses in the ratio of 3:2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 after allowing interest on capital. Profits apportioned among A and B is (a) 4,680 and 3,120. (b) 4,800 and 3,000. (c) 5,000 and 2,800. (d) None of the above.
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purchase plant and machinery
why journal entry are necessary