which chart of accounts is used for day to day postings?
Answers were Sorted based on User's Feedback
Answer / tapan
Cash Entry,Bank Entry,Journal Entry,Purchase Entry,Sales Entry,contra Entry
Is This Answer Correct ? | 6 Yes | 0 No |
Hi, There are three types of chart of accounts but
Operating Chart of accoutns is used for day to day postings.
Is This Answer Correct ? | 1 Yes | 0 No |
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
$198 owing by Brass Instrument Ltd is to be written off as a bad debt? how to pass the journal entry for this question?
What are the difference between P/l a/c and income and expenditure
The following figures have been extracted from Katerina’s books of account for the month of April 2010: $ Sales 460 000 Total variable costs 299 000 Total fixed costs 90 000 Profit 71 000 (d) Calculate the sales in dollars necessary to make a profit of $100 000.
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes
Valuation of Goodwill and calculation!! question asked in many companies,try to remember the methods..
what is deemed assesse?
DIFFERNCE BETWEEN RESERVE AND FUND?
how to account the purchase and sale of fixed assets?
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
Can i put opening stock in new company during closing time
What is journalizing? What are the columns of a journal?