Mention the types of accounts involved in double entry book-keeping?
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We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?
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Why the provision is considered as expense and reserve is considered as liability even if they both are allocated as precautionary for specific and general purpose? pls Explain.
paid landlord rs 1.200 for rent one -third of the premises is occupied by proprietor for his own residnce what will be the entry
3 Answers Chartered Accountant,
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i have query on bank reco. pls suggest me on my following question my bank bal as on 31.3.09 was rs 700000 but after reconsilation it was 100000 because there was two three cheque was ulcleard. which bal should i take in new FY & how i show into account