sir if we make purchase and sale for the same pary for the
same amount what adjusting entry have to be passed to close
that entry in tally. while taking bill wise details we can
see the dr. cr.and have to cancell that
Answer Posted / jaikrishnansnair
purchase ac dr 1000
to party 1000
party dr 1000
to sales 1000
jv
sales dr
to purchase
is it true or not.. ??
Is This Answer Correct ? | 3 Yes | 13 No |
Post New Answer View All Answers
Why do you want to be an accountant?
please explain all accounting concepts n conventions in detail
How to pass journal entry of gifts purchased for employee by using campany ATM card
Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me
How many accounting standards are currently published?
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
What is accounting period?
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
Do you know how many types of business transactions are there in accounting?
Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?
Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
What is invoice processing can u explain it?