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In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
What is the journal entry for drawing money from bank for personal use?
what is suspense a/c?
which date is effected in books related bank reconciliation transaction date or value date?
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
How can I pass the journal entry for Work in progress. I would like to know that where should be the debit and credit allocated in accounting system. eg. WIP debit will be under asset a/c in balance sheet what about credit? pls.help me
The ratio of the prices of three different types of cars is 4:5:7. If the difference between the prices of costliest and the cheapest cars is Rs.60000 what is the price of the car of moderate price ?
Provisioned for electricity for the previous month's bill Rs. 8000 (pass journal entry)
Cash bill of sale so the company can deduct the amount.
When Tds is applicable to deduct and wht is rate for different work panel?
What do u mean by Vouching? What is Vouching?