Tell me what is “deposit in transit”?

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My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?

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what is accrual basis of accounting?explain in detail?

5 Answers   Deloitte, Northern Trust,

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which date is effected in books related bank recancilation transaction date or value date?

1 Answers   JK Associates,

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is goods in transit will be liable for entry tax ?

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get fixed assets items

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Tell us what is icai?

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If the employee has no any experience and he not achieved or he not did any specified work in his student life while he looking job if interviewer ask about any thing about his acchivement what he have to say

2 Answers   Infosys,

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hi i want to run vendor debit memo after he paid all amount i want to give discount through miro i am giving the price and quantity and run in through miro the system will pass another two more line iteams extra and shwoing dr/cr balance +/- when i will increase the amount this is also increasing what is the reason i dont know please send me immediately

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

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I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.

4 Answers  

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What is Cash Flow Statement?

3 Answers  

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