Pass the journal entry: rent outstanding
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Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
plz tell me Agar koi co. ka exp. generate ho or uski payment cash se ki jaye to hume wo exp. book krne ke liye payment ki receipt leni jaruri hai bina receipt ke entry krna sahi h ya galat..??
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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.
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