in Tally accounting programme where should I can make
ledger for Work in Progress? under which accounting head?
Eg. Debit will be under Current Asset a/c and what about
credit? whether it is under Purchase a/c? or under Income
a/c?
Answer Posted / naresh roy
Yes, In tally accounting programe Work in Progress ledger
can be created under the group 'stock in hand'
I don't think that Work in progress will have credit balance
ever. This is a current assets and always it will have debit
balance
| Is This Answer Correct ? | 14 Yes | 5 No |
Post New Answer View All Answers
how calculate intrest on advance tax ? and penalty on vat?
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
any one provide me mm & fi configration steps
Describe the proof of cash type of bank reconciliation?
Tell us do you possess any knowledge about accounting standards?
what is t code of all expences general legder?
What other careers are you considering?
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
Why does the accounting equation have to balance?
What is meant by partitioning?
How to pass VAT retention entry on computer and Furniture
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
Explain in simple terms what is the difference between asset, equity, and liabilities?
Explain what makes a successful account manager?
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances