hi
What is entry when goods/material reced on 31st March
but,invoice yet not received.
Answers were Sorted based on User's Feedback
Answer / reddy
Inventory of rawmaterial A/c Dr
To Gr/Ir A/c
(Here Gr/IR Account means goods receipts and invoice receipts
here we did not received that is the reason we did not
treat the vendor as liability
so we create one suspense A/c (GR/IR Account)
Is This Answer Correct ? | 5 Yes | 3 No |
Answer / vinod shelar
Plz entered recipt note on dated 31 st march (with tracking
number)
& when invoice recived u convert recipt note in purchase
entery against this traking number so & so date
Is This Answer Correct ? | 0 Yes | 0 No |
Explain me is any difference between inactive and dormant accounts?
how will be the entry of service tax on freight?
What is the order of priority of the following. 1.Trial Balance,2.Sales Ledger,3.Journal Entry,4.General Ledger,5.Balance Sheet,6.Profit and Loss Account,7.Cash Flow and fund flows.
Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year What will be JV for this year and next year?- Thank you
What is the Cash FLow and Examples
journelising the following? dpereciation of plant & machinery rs 30000/- interest accrued but not received Rs 15000/- prepaid insurance Rs 10000/- drawings of cash Rs 5000/- withdrew goods for personnel use Rs 2000/- what is cost centre? How do you verify the correctness of material control system? How many directors are required at a minium for Private ltd and public ltd companies? How do you compute the following ratios? current ratio net profit ratio gross profit ratio debt service coverage ratio sales turnover ratio
what are the nationalised banks?
what is meant by banling reconcillation statement?
why should we call profit and loss account in general we get profit either loss can we call that as profit or loss account?
Main sources have long-term finance ? Explain
What is the difference between personal account real account and nominal account?
What is the provision?