Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.

0 Answers   Accounting,

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Goods worth Rs.347.60 has been destroyed. Ex:(parachute Hair Oil 8 Ml, So entry will be.. Abnormal Loss A/c Dr....347.60 To Stock Destroyed A/c How it possible????

1 Answers  

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sir, i m working in an ngo as accountant but new. pleas clear my doubt in tally. suppose 'a' salary is 5000. he taken 3000 advance from salary and not returned. i paid a cheque next month rest 2000. 'b' salary is 10000, taken 5000 advance from salary and returned so i paid him 10000 total salary. what all to do in tally. is the following procedure is ok or not?

5 Answers   Banking,

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What is the difference between CASH FLOW and FUND FLOW?

2 Answers  

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There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.

0 Answers   CTS,

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What are the three major parts of accounting

1 Answers   ACS,

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What is an E-1 Sales.

4 Answers   Chintan Sales,

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what do you mean by accrual & due ? What is the difference between Accrual & due?

4 Answers   Genpact, HCL,

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in which voucher we can enter the depreciation entry

2 Answers  

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What is Reserve & Surplus? Plz give me with some Example.

10 Answers   Bank Of India, Genpact, iGate,

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What is Balance sheet in Tally?

1 Answers  

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What is Journal Entry for Provision for Leave Salary

4 Answers   Bescom, State Bank of Mysore SBM,

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