Answer / narender shilak

Bill Payable is a liablility for a business, as this is
issued at the time of purchase of anything from third
party.

Answer / madhu poor

1st u pass Jounral Entry in Tally

Dr. Bill Payable......... Amt.
Cr. Bill (Telephone etc.) ...... Amt.

At the time of payable u pass Payment Entry.

Dr. Bill ..........Amt.
Cr. Cash/ Chq (Bank) ........... Amt

what is private sector banking and public sector banking

1 Answers   State Bank Of India SBI, TATA,

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Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

1 Answers   ABC,

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why is it called profit and loss account why not profit or loss account, ( u either get profit or loss )

13 Answers   Genpact, Symbiosis,

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what is amortization or what is the use of amortization?

2 Answers  

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A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty

0 Answers  

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I AM WORKING IN THE CORPORATE (HEAD OFFICE)OF A FINANCE COMPANY. I CO-ORDINATE FOURTEEN BRANCHES IN DELHI. AND MY JOB PROFILES ARE BANK RECONCILIATION,CASH RECONCILIATION, MIS,TRAINING TO THE JR.EXECUTIVES,BRANCH VISIT,SUPPORTING TO BRANCH,ETC. THE QUESTION WAS WHAT U DO FOR UR BRANCH? I TOLD MY ALL JOB PROFILE BUT IT WAS NOT A GOOD ANSWER. WHAT TO SAY FOR THE NEXT TIME?

5 Answers   Genpact, HCL,

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"since the calculation of depreciation is based on estimate,notfacts,why bother to make the calculation?

4 Answers  

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is outstanding items (either expences or incomes) comes in trial balance? if so how to treat them in financial statements

4 Answers  

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Waht is general Reserve

3 Answers  

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Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L

0 Answers  

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what is priority?

2 Answers  

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15. Which statement about ADRs is true? a) An ADR is the receipt for the shares of a foreign based corporation held in U.S bank b) ADRs do not trade on U.S exchange c) ADRs give non U.S investors a way to buy non US company shares in the US market. d) The holder of an ADR is entitled to only the dividends for the security

4 Answers   Capital IQ, FactSet Systems, Wells Fargo,

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