Which of the following statement is not true:
(a) If del-creder’s commission is allowed, bad debt will not
be recorded in the books
of consignor
(b) If del-creder’s commission is allowed, bad debt will be
debited in consignment
account
(c) Del-creder’s commission is allowed by consignor to
consignee
(d) Del-creder’s commission is generally relevant for credit
sales
Answers were Sorted based on User's Feedback
Answer / hemanth
(d) Del-creder’s commission is generally relevant for credit
sales
| Is This Answer Correct ? | 0 Yes | 1 No |
wht is different between defered tax liablities and defered tax assets??????
From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.
8- What do you understand by accounts receivable and accounts payable and its schedule?
what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software
what is golden accounting rules
In which book of prime entry would the vat output Vat on credit sale be recorded?
2 Answers Digitals India security, Genpact, Marketing Sales, SSIL,
wahat is the journal entry for cheque paid for collection but not collected?
what is the journal entry for payment of interest for loans.?
Is accounts payable and bills payable the same?and B/R & A/R the same ?
What is ERS(Evaluated Receipt Settlement) in Accounts Payable? How is it related to 2 way matching?
for an employee in receipt of hostel allowance for his three children,the maximum annual allowance exempt u/s 10 (14) is
journal entry for interest collected by account holder from the bank?