How to create Sundry Creditors and Sundry Debtors Aging analysis.

4 Answers  

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WHAT IS RTGS

7 Answers   Capital IQ,

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hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj

0 Answers   Indian Timbers,

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Tell me how would you define team work and communication skills in the context of account management?

0 Answers  

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what is ledger

6 Answers  

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What is meaning of Corporate Assessee & Non Corporate Assessee? Corporate Market & Non Corporate Market?

9 Answers   Chartered Accountant, IBM, Tally Solutions,

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what is service tax

3 Answers  

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What is the objective of the balance sheet?

0 Answers  

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salary payable deduct tds entry

0 Answers   Matrix Adhesive Incorporation,

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how to account branches in tally

0 Answers   Genpact,

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The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

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what is the manual procedure for accounting

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