Answer / vanisri

1 Creation of Requisition
No Accounting

2 Creation of Purchase Order
No Accounting

3 Receipt
Receiving A/c
AP Accrual A/c

4 Devlivery
Raw Material Sub Inventory A/c
PPV A/c
Receiving 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
Liability A/c
Cash

what is bills payable and bills receivable?

2 Answers  

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WHILE WORKING DEPERICATION OF AN MACHINERY ASSET WHAT IS THE PERCENTAGE TO BE TAKEN & FOR HOW MANY YEARS IT HAS TO BE TAKEN.

1 Answers  

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"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

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If closing stock is given in adjustments, how we show in tally 9.0 ?

0 Answers   Genpact,

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what is windows dressing final accounts?,sales a/c belongs to which a/c type?

0 Answers   Angel Broking, OPI Global,

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hello friends i like to know journal entry for one loan transaction ie if you purchase a car for EMI with initial payment how to make first entry & monthly entry any thing is there? pls reply to me.

2 Answers  

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Which ledger are already exist in the tally erp9 ?

5 Answers   Tally Solutions,

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Tell me do you think there is any difference between inactive and dormant accounts?

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what is difference between depriciation and depriciation reserve ? how to treat depriciation in the books of accounts

4 Answers  

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Tell me an example of a tough decision that you had to make?

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Can you differentiate public and private accounting?

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What is the actual meaning of Ledger Account?

1 Answers  

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