An advance of Rs 10000/- is received from customer.
pass necessary journal entries
Answer Posted / waqas
cash 10000
unearnd sales 10000
after the delivery
unearned sales 10000
sales 10000
Is This Answer Correct ? | 5 Yes | 5 No |
Post New Answer View All Answers
Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.
what is the accounting conventions
Nature of training account with reason
what is Rectification of Errors ?
What will be the consequences if the partnership is not registered
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
why specifically inited states ?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Why does one need a broker?
differnce between the 4.7 & 6.0 versions?
Expand-------SCAN
Distinguish value andPrice
Define Payee
What is the definition of LOSS. Give the formula if any.
Can I check my Vantage credit score range online?