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what is deprisiation?what is upprisiation?what is bill
receable and payable
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Answer Posted / arun kumar
the gradual decrease in the value of assets due to wear and
tear is called deprisiation.
the increase in the value of asset is called apprisiation.
A document evidence the amount which we have to receive for
debtors is called bills receable
A document evidence the amount which we have to pay to
debtors is called bills payable
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Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
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