Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e.
Furniture & fixture a/c Dr.
To cash/bank a/c
Along with this, I have to pass following journal entry on 31st Mar 07??
P&L a/c Dr.
To Furniture & fixture a/c
No Answer is Posted For this Question
Be the First to Post Answer
15 methods of depreciation and its examples
what is liability
IF WE PURCHASE TV FOR PERSONEL THEN WE DIDNT RAISE PURCHASE ORDER WHY ?
What is an adjusting journal entry?
which subsidiary book is source of these:debit note,credit slip,
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
What is the Technology used to carry out trades? Pls Tell me as early as possible.
What is the main difference between Net Worth and Net Asset Value ?
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?
when we give to payment for contractor what entry pass with tds?
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?