Interested to Buy Any Domain ? << Click Here >> for more details...
Where we have to take the Director's current account, wages
a/c, Accruals, sales tax payable in Balancesheet
- 1 Answers
- 8505 Views
- I also Faced
- E-Mail Answers
Answer / anju joshi
If the director is owner of the company then..director's
current a/c will be shown in Current assets in Asset side
of balance sheet.If director is shown as employee of the
company.. drawinf salary.. then his current account wud not
become the part of Company's balance sheet.
The wages a/c will not become part od BS unless it is
prepaid or outstanding(if prepaid,it comes under current
Assets,if outstanding,it comes under liabilities of BS).
The Accruals,if liabilitiesi.e.wages,comes in liabilities
side of BS,and accruals if of asset nature i.e.interesta
accrued,comes in asset side of BS.
SAles tax payable comes in liabilities side of BS.
| Is This Answer Correct ? | 7 Yes | 4 No |
Does there need to be a declaration that the Trustee Investment Act 1961 has been complied with?
Expand W C T
what is the rule of debit and credit. Plz detail answer. thankful to you
What Do You Understand By The Word Accounting
7 Answers ADP, College School Exams Tests,
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
CAN PRE OPERATIVE EXPENSES BE CAPITALISED? IF YES, HOW CAN IT BE DONE?
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?
what is the gernal vocher ?
can you tell me how to calculate it in payrool
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
why did you want to join banking sectors?
Audit 
