Explain me what is general ledger account?

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Depreciation comes under direct or indirect expense

1 Answers  

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What is Trading Account? What is the significance of this account?

2 Answers  

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when receieve cheque from a party and we deposite cheque in bank how do this entry

2 Answers  

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WHAT IS THE DIFFERENCE BETWEEN THE BENEFITS OF DIRECT EXPENSE AND INDIRECT EXPENSE

1 Answers  

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commision of rs-150 paid but charged to interest account,journal entry

1 Answers   TATA,

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Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

3 Answers  

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purchased a laptop for Rs.50000 and received one calculator costing Rs.1000 for free. Both laptop and calculator (stationery in nature) are meant for office use.What will be the journal entry in the books of both the parties?

21 Answers  

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wages,conveyance,hra,spl allowance,P.F,& ESI payable journal entry?

4 Answers  

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Horizontal balance sheet versus Vertical balance sheet

0 Answers   HHA, Trident,

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wht is different between defered tax liablities and defered tax assets??????

0 Answers  

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What is the journal entry for due salary

14 Answers   Enrich,

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