Answer Posted / mohsin khan

salary a/c..............dr
TO outstanding salary a/c

As you know any other accounting application?

1080

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How to pass journal entry of gifts purchased for employee by using campany ATM card

1441

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Describe the proof of cash type of bank reconciliation?

1944

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We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.

1494

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After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?

1828

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Explain which account is responsible for interest payable?

1423

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Explain what does the standard journal entry includes?

1076

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if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.

1743

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For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

1821

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how to do asset appreciation in sap?

2786

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6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

2054

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what is the difference between profit center area and business are.? please make me clear.

2516

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Explain what knowledge should financial accountant have?

1174

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I want to know the Payroll Accounting Questions

2741

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In the case of stock transfer from one branch to another branch any reverse credit is applicable.

2094

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