Answer / mudunuri

Purchase is meant for sale or Consumption in the manufacturing process or consumption in the execution of contracting works. Hence purchase of asset should not be treated as purchase

if we import purchase of $ 20000 /rs. 80. but when we payment the party the price of Rs. 50. then how we make entry of this type of purchase.

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Explain me scrap value in accounting?

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consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000

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Differentiate accounting and auditing?

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if we paid the amount through credit card what will be the entry and credit card purchases under which group

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Pls tell me the basic rules of accounts for interview in finanace or accounts section

0 Answers   Genpact, IBM,

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How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.

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What is an over accrual?

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what is depreciation? what are depreciation methods? please explain those method? can any one reply urgently? Answer

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1.What is the entry sales and Purchases including discount and TCS 2.if sales but suddenly road accident and only party received 80% and balance staled the insurance company what is entry in accounting booked

0 Answers   Hero Honda,

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what is a difference between Sale as per return or sale as per book.. please explane it..

3 Answers  

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If We Are Purchase Any Service For Ex. Agency Charges From Creditors & Give Or Sale The Same To Debtors; Then How I Open Agency Charges Ledger? What Is The Grouping Of It? Is It Purchase A/c. Or Sales A/c.? And If Its Purchase A/c. Then How I Enter It In Debtors A/c. Or Should I Make Two Different Ledgers With Two Groupings Purchase One And Sales One?

1 Answers  

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