What is the meaning of summarizing?
Answer / radha
Preparation of Trial Balance(a statement of debit and
credit balance extracted from the ledger to find out the
arithmetic accuracy of books.
Is This Answer Correct ? | 7 Yes | 4 No |
MY QUESTION IS OUR EMPLOYEE PAID SCHOOL FEES & TUTION FEES & BUS FEES FOR CHILD EDUCATION. IN WHAT KIND OF FEES WE TAKE DEDUCTION UNDER 80 C.
what is suspense account?
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?
What will be entry for that: Busines strarted with brrowed cash Rs. 25000 from Mr. X. if capital will be creadit. Why?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
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What is menat by INVOICE?
while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies