P2P cycle with which accounts get effected at each stage
Answer / vanisri
1 Creation of Requisition
2 Creation of Purchase Order
AP Accrual A/c
Raw Material Sub Inventory A/c
5 Invoice matching with PO
AP Accrual Liability A/c
Invoice Price Variance A/c
AP Liability A/c
6 On making Payment
|Is This Answer Correct ?||15 Yes||3 No|
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
Explain what is involved in the process of double-entry accounting?
how to account branches in tally
any body pls. tell me, if we purchase with credit card how to take into tally ( and) comes under which group for credit card purchases
can anyone help in service tax part if we give a service on credit basis (Credit invoice) how should we pay service tax on invoice basis or reciept basis
What is difference between Cash Flow and fund flow
We can Show Director Exp. in Limited Compay,
what is mean by sample account and data transfer rule in SAP FI?
What do we mean by Redemption of shares and debentures?
double entry system
Suppose a person is paid @ Rs.1 Lac Per Month for 2 months by the Owner/Director prior to the Company's incorporation for Managerial work and that person continues to work with the Company . Is the Director liable to deduct TDS on his Employee's Salary before incorporation also? And when the Company is incorporated after 2 months, Is it possible to show this expenses as Pre-incorporation Expenses?.What would be treatment for Salary Paid and TDS Deducted when the Company is incorporated? How will we give TDS Certificate to the Employee at the end of the Financial Year?
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???