Entry for revenue item will be Expenses A/C Dr to Cash. But
in the Profit and Loss account we will see the expenses with
a pre fix of To Expenses Why?
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Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
Every year very huge amount of depreciation debited at any of company's account, which is actually non cash expense, now where actually amount goes at the year end?
In our company we are making payment through X bank and again we opened a new account in Y bank and we deposited cash in this bank rs.10000.and cash is used from X bank. then what will be the entry & how to adjust with old bank
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Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
What is sweep account
what is subscription order
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payment made to the credit card from bank.In that half are personal and half are business related.how to account these transaction without credit card ledger.