ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO SELLER. WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.

7 Answers  

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what is the meaning of Cost center?

6 Answers  

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what will be the entry for recivables at 31 st march and if they are paid after 1 month then what is the entry

2 Answers   TCS,

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What is the Meaning of Value Date in Bank Statement ?

1 Answers  

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ADR DEFINE

5 Answers   Capital IQ,

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Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%

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Why do you want to work as an accountant?

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Difference between Journal and Journal Proper???

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What is personal account?

4 Answers   HCL,

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if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me

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How is the accounting for lease transactions done?

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How can I pass the journal entry for work in progress for a construction company for every end of the period and what should be for next period? I would like to know the debit and credit should allocated where in an accounting system?

3 Answers  

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