what are main accounting entries in a vehicle dealer

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can any one tell me what is the difference between Accounting period & Financial year? Will be waiting for your answer. It's an open source question, any correct answer will be appreciable. Thanks. Regards, Mr. RKO

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I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.

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

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What is the entry for Discount Received? & What is the entry for discount paid?

13 Answers   Azizi Bank, i4 Mobiles, WNS,

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2. Cash Break Even: SIPW Company sell windows. Windows are sold for $ 25/- each. Variable cost is $ 15/- per door and total Fixed Operating Costs are $ 50,000 /- which includes depreciation in the amount of $ 2,000/-. How many units of windows the company has to sell for Cash Break Even?

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How many types of inventories are there for a company ?

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what is financial MIS report and what is included in it. Please help me out to know the concept

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in Tally accounting programme where should I can make ledger for Work in Progress? under which accounting head? Eg. Debit will be under Current Asset a/c and what about credit? whether it is under Purchase a/c? or under Income a/c?

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How do you build a successful business relationship?

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What is the definition of manual accounting?

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How entry of Dues bills [in which account] in Tally ?

3 Answers   IBM,

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