Does the Summary Income and Expenditure account in the
Charities SORP comply with the Companies Act 1985?
Answer / guest
Yes. The Companies Act 1985 (sch. 4) allows adaptation of
standard headings if 'special nature of business' demands
it. It is generally accepted that company charities are
companies with a 'special nature'.
| Is This Answer Correct ? | 2 Yes | 0 No |
Which balance for profit ? debit or credit? also which balance for Opening Stock?
sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest
What are the steps in doing Finalisation of Accounts
what is buy back of share & why a company go for it?
Sold goods worth 425760 on credit to ABC Traders which is inclusive of 4% vat tax.Pass sales entry with Vat tax
What are intangible Assets?? ASKED 12.12.2008
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
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how will you create the posting periods 3 and 5 or 5and 7?
DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
what are Miscellaneous expenses? where it posted ?give with example and why it is call miscellaneous expenses
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