Question { FIC, 12992 }

Credit purchase entry

Answer

purchases a/c dr xxx
To party's a/c xxx

Question { FIC, 12992 }

Credit purchase entry

Answer

purchases a/c dr xxx
To party's a/c xxx

Question { Google, 11960 }

where should the closing stock amt will effect in p & l &
in b/s

Answer

b/s

Question { Google, 11960 }

where should the closing stock amt will effect in p & l &
in b/s

Answer

b/s

Question { 5036 }

journelising the following?
dpereciation of plant & machinery rs 30000/-
interest accrued but not received Rs 15000/-
prepaid insurance Rs 10000/-
drawings of cash Rs 5000/-
withdrew goods for personnel use Rs 2000/-
what is cost centre?
How do you verify the correctness of material control
system?
How many directors are required at a minium for Private ltd
and public ltd companies?
How do you compute the following ratios?
current ratio
net profit ratio
gross profit ratio
debt service coverage ratio
sales turnover ratio

Answer

Depreciation a/c dr 30,000
To plant& machinery a/c 30000

profit & loss a/c dr. 15000
To interest accrued 15000

prepaid insurance a/c dr. 10000
To profit &loss a/c 10000


drawings a/c dr. 5000
To cash a/c 5000


drawings a/c dr. 2000
To goods a/c 2000

Question { Capita, 26581 }

Tell me the General entry for provision for bad debts?

Answer

R.D.D. A/c .......... Dr. xxx
To Profit &loss A/c .... xxx

Question { 6346 }

can previous year be greater than a period of 12 months??

Answer

Yes

Question { TATA, 13547 }

Mr. A purchased a car worth of rupees 2,00,000 on cash than
what would be the entry

Answer

Car A/c ...... Dr. 2,00,000
To Cash A/c ...... 2,00,000
(being car purchased on cash )