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More Accounting General Interview Questions

{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?

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steps for finalisation of accounts and related entries

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IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?

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we given tour advance to party how to treat entry and which head have to given expenditure

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