how to account branches in tally

0 Answers   Genpact,

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What will be the general entry for advance salary given?

3 Answers  

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A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.

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all GL Related Interview questions with answear

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Private purchases amounting to rs 5000 have been debited to purchases account

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what is retention? how caculate on asset

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Hi Everyone, We purchased the Goods from other state, and I am liable for Entry Tax, my entry Tax is deposited in bank before 15th of every month. Now my questtion is : I purchase the Packing Items from other state but I return the same to suplier should it require entry tax deposit or not for this items. please explain

2 Answers  

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The Lessee's right to recover the short working is related to

1 Answers   Websol,

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what is the accounting rules?

1 Answers  

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what is insurance? And Type of insurance?

3 Answers  

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we are going to purchase of new office. what is accounting entry for it if we made adv to party , some part payment paid to party. pls tell me & under which group ledger will come

3 Answers  

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what is finance management?

2 Answers  

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