Answer / kaushik92

IT IS A CASH ADV TOWARDS SPECIFIC EXPENSES

Answer / vinay

Imperest A/c is maintain on cash paid for expenses.

Answer / m.d.shweatha

imprest is the system in which an estimated amount for
petty expenses is determined and advanced to petty cashier
out of which all party expenses will be paid and total
amount will be re-advanced to the petty cashier.so as to
make it equal to imprest account

Answer / gvr murthy

imprest a/c just like petty cash book.Genral expenseslike
postage,news paper and small expenses for various daily and
monthly expeses

Answer / jeeva

IT IS RECEIVED FROM ADVANCE FOR FUTURE EXPENSES.

Answer / ammu

Imprest account is maintained for the entry of the petty
expensese which ultimately known as clewar explanation of
petty expenses and these expenses will be entered in the
analytical petty cash book under imprest system.

Answer / lokendra

no as per my idea imprest a/c effect generaly director's
payment maeaan adv reci from comp & com also lend some money
from directors in some case of need

How do you maintain accounting accuracy?

0 Answers  

From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.

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Explain accounting 101?

0 Answers  

My question is why we debit the input tax, and cradit the output tax. wt is the logic and wt is the principal behind it adil khan( CA STUDENT)

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HI EVERYONE I WANT TO KNOW, CAN WE ISSUE DEBIT NOTE OR CREDIT NOTE AGAINST STOCK TRANSFER , IF WE ISSUE OR NOT ISSUED THENY WHY PLZ EXPLAIN

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in tally in contra is possible to create the ledger for rent

1 Answers  

what is mean by contra entry

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what is the loss of a company

4 Answers  

A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10

0 Answers  

Tell me do you have any idea about service tax or excise?

0 Answers  

The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above

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What is trade finance

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