A machinery item puchase form M/s. XYZ for the cost of Rs.2,00,000/- with freight charges Rs.20,000/- and installation charges Rs.10,000/- what is the journal entry

4 Answers   Chartered Accountant, Sony,

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why bank interest comes in indirect exp. in accounting method? what it is the TDS?

3 Answers  

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what is the difference between back order and partial shipments?

1 Answers  

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Hi Guys. Does anyone know any practising cost accountant in hyderabad? Pls help me. I would like to gain some practical experinence. Salary not an issue. Pls help me guys.

1 Answers  

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wat is auto accounting

1 Answers   Meru Cabs, TATA,

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what is matching concept

10 Answers   Capital IQ, ITC Infotech,

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What is Retained Earnings?

1 Answers  

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We can Show Director Exp. in Limited Compay,

1 Answers   ABC, Texmo,

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Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

0 Answers  

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if sale is rs 500000 lac and book profit is around 40000 thousand, what is the procedure to pay salary to working partner.should is pay as per deed or should i go with slab in which i can pay 90% of book profit as salary

1 Answers  

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What is 3/3 in Procure to pay (p2p) in Accounts Payable?

0 Answers   Accenture,

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What are the major components of country's trade account?

0 Answers   Franklin Templeton, Industries Promotion Officer, Wipro,

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