Answer / Chandan Kumar

The accounting entry for this transaction would involve debiting Accounts Receivable (or Sales) for the total amount of the check (Rs. 100,000), crediting Cash or Bank for the same amount, and creating a separate account payable for the remaining 95 items until they are delivered. The debit note (invoice) for the remaining 95 items would be issued separately.

As there is a two types of rates of depreciation i.e as per Income tax Act & As per Company Law.But, in accounting process which of these rates should be taken ?

1 Answers   NTPC,

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We are dealing in a security (MANPOWER PROVIDER)WE HAVE A PROBLEM AS PER OUR CLIENT'S REQUIREMENT pf and esic challan seprately require by client's can we generate seprate challan Please advice as early as possible.

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What is accounting normalization?

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how to calculate process account under fifo and weighte average method in eqivalent production.

2 Answers  

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What is Inter branch accounts reconciliation

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what do u mean by Guidance

1 Answers   Capital IQ,

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Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

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how will calculate gratuity.

3 Answers  

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Limited liability ?

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I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

1 Answers   Accenture,

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what is the simple definition of liquidity and equity.

1 Answers   Jammu and Kashmir Bank,

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In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail

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