State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100

3 Answers  

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Can somebody explained IAS 11 construction contract in terms of general entries. and is there any possibility when WIP classified as non current assets.

1 Answers   ITC Infotech,

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How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?

0 Answers   IBM,

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what is the debit and credit

9 Answers   Genpact,

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what is the journal entry for this situation? and why? situation: Gratuity for this year TK1000000,which TK700000 shows in income statement and TK150000 will shown in next 2 year each.(this is a management decision)

1 Answers  

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what are the golden rules for accounts payable?

2 Answers   Cap Gemini,

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please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

0 Answers  

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types of audit

2 Answers  

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surrender of shares

1 Answers   ACCS, IVRCL,

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what is mat calculation ?

2 Answers   HSBC,

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what is the reason for controls in an IS environment?

0 Answers  

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what is Form H?

2 Answers  

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