AutoAccounting is a powerful, flexible, and time saving
feature that automatically creates your general ledger
Accounting Flexfields. You can set up AutoAccounting to
create Accounting Flexfields that meet your business needs.
When you run AutoAccounting, Receivables
Assigns valid Accounting Flexfields to your invoices and
Automatically generates valid Accounting Flexfields for your
Freight, Receivable, Revenue, AutoInvoice Clearing, Tax,
Unbilled Receivable, and Unearned Revenue Accounts.
Controls how your Accounting Flexfields are created and
Receivables automatically creates default Accounting
Flexfields for your revenue, freight, receivable, and tax
accounts for each invoice and credit memo. AutoAccounting
also creates the proper unearned revenue or unbilled
receivable accounting entries you need when you use
invoicing and accounting rules. You can quickly enter your
invoices and credit memos without worrying about entering
the correct account.
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journal entry for interest collected by account holder from the bank?
simple meaning of debit and credit...?
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
Furniture is Destroyed in Fire ?? Where it will effect in Balance sheet ??
Withdrawn ₹ 10000 for personal use. [journlise it]
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
how will rectify the error in trial balance.
The main objective of preparing a 'journal' is
.........method of stock valuation considered the purchase price of stock which intered the godown last. 1)fifo 2)lifo 3)weight average 4)all the above methoed chose the correct answer?