Interested to Buy Any Domain ? << Click Here >> for more details...
What is the Journal entry of the Transaction -- The Horse
bought on April 20 died , its carcase was sold for rs.50.
also tell me what is treatment in P/L A/c and Balance Sheet.
- 4 Answers
- 22786 Views
- ASDC, Financial Services, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
first let me know what type of business was that in which
horse bought and for what purpose that bought.
and secondly the purchase cost of horse.
| Is This Answer Correct ? | 15 Yes | 7 No |
Answer / smaity
I think its Bisiness of owning & maintaining of race horses.
Its taxed under "IFOS" of Income Tax
| Is This Answer Correct ? | 7 Yes | 6 No |
Answer / sonia d&
Cash A/c.... Dr. 50
To Scrap a/c ... Cr. 50
Being amount receive on the sale of horse carcase.
| Is This Answer Correct ? | 3 Yes | 9 No |
Answer / sonia d&
Cash A/c.... Dr. 50
To Scrap a/c ... Cr. 50
Being amount receive on the sale of horse carcase.
| Is This Answer Correct ? | 2 Yes | 9 No |
What does mean is Profit & Loss Account Shows Debit Balance in Trail Balance ?
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
What is the meaning of deferred revenue and expenditure, give examples
2 Answers Bank Of America, Capital IQ,
how to calculate good will of a company
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
Please tell me what is the journal entry of closing balance ?
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from the office. We entered in this trasaction to which voucher?
Who is lance Armstrong ?
definition of debenture ?
Labour charges paid to labour party on tds rate ? May be deductable ? Example Iron purchase 16.500 mt. Per ton broking charges 200.00
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
Audit 
