A sole trader run a business, and he takes every month fixed salary, he says this salary should not be affect in profit and loss a/c, he wants this salary transfer to his capital a/c, means he wants increased his capital - My question is as per the accounting system is it possible?
What is dividend warrants?
Why Prepaid rent is treated as Personal Account?
Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?
Define push down accounting?
What is journalizing? What are the columns of a journal?
Do you know company's payable cycle?
If drs are deducting amt as TDS , how entry will be passed in books? pls clarify
1. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.
Suppose salary of march paid in april then what are the entries to be made in Tally in march and april and salary payable ledger to be created under which group? and salaries to staff ledger to be created under which group? What will be the journal voucher entry and payment voucher entry?
My question is- are tpt,freight & p & f charges part of sales & purchase when it include in invoice. suppose if goods value 20000 freight chrg 425.00 total sales will be 20425 or only 20000.00 how it will effect ?? pls clear
Describe the proof of cash type of bank reconciliation?
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?