if i bought 10 car @ Rs1000 each.one car i used for office
use then what will be the entry?
Answer Posted / sreena
Car 1000
Individual 9000
To cash 10000
| Is This Answer Correct ? | 7 Yes | 11 No |
Post New Answer View All Answers
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
Meaning of portfolio management?
give me only one transactions in both side (debit&credit) should be in real accounts
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
What is specific reserve
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
what is new updates in account
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
What is the difference between reserve and provision.
why are you selecting for the profitbulity analysis costing based& active based
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
What is ABC Analysis in industrial function. hw can it s maintain ?