What is recording damage inventory in books of account?
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what is depreciation? what are depreciation methods? please explain those method? can any one reply urgently? Answer
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We purchased material from other state against C form. Here in invoice Basic price value - Rs 100000 Cst 2% - Rs 2000 and transportation charges - Rs 8000 Total bill value - Rs 110000. But in C form How much amount we have to give? 100000 or 102000 or 110000 I am waiting for your valuable reply, advance thanks.
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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Principles of accounting
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Is purchase itself a direct expense?
variable cost are fixed: 1) for a period 2) per unit 3) depend upon the entity 4) for a particular process of production
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Explain accounting 101?
salary is paid to a person A wrongly twice a month and after detecting the mistake the salary is paid to the right person B.write the journal entry for the two sequences.