Whether Goods receipt is an Asset or liability?

3 Answers  

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If closing stock is given in adjustments, how we show in tally 9.0 ?

0 Answers   Genpact,

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what is share spilitting

3 Answers  

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What is the difference between Discount & consession?

5 Answers  

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Journalize the Following: 2. Monthly credit sales were $ 35,000 3. Received Cash receipt payments on Receivables in the amount of $ 10,000. 4. Customers’ cheque in the amount of $ 100 bounces and was re-deposited. Book both entries. 5. Material is bought on account for £ 100,000. The exchange rate is Four pounds to One Dollar. Then, later, merchandize is paid for. The exchange rate is Five pounds to One Dollar. Book both entries in Dollar when merchandize is bought and when it was paid. 6. Materials worth $ 20,000 was purchased on account and paid for with 1% discount. Book both entries. 7. Record the purchase of Direct Material on Account in the amount of $ 20,000. Half of it was for stock and the other half for a specific job order. 8. Record the disbursement of $ 1,000 raw material to shop floor for use on specific job

0 Answers  

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What is bank reconcilation a/c

6 Answers   Accenture, Genpact,

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We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?

1 Answers  

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What is net Facilities?

1 Answers   TCS,

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what is tds? how this tds deducted? what is percentage? how to calculate? what is the procesure?

3 Answers  

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Explain me fair value accounting?

0 Answers  

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What is Journal Entry for Booking & paid Telephone Expenses.

10 Answers  

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If we give a discount to any customer on our invoice & issue a credit note of discount than what will be the group of discount in tally. please suggest me.

2 Answers  

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