Answer Posted / vivek garg

when t. v purchased

purchase a/c dr
(amount of 10 t.v)

to cash a/c


after purchased of t.v

loss by damage a/c dr
(damaged t.v amount)

to purchased a/c



if t.v =fixed assest


fixed assest (t.v) a/c dr
to cash a/c

loss by demage (t.v) a/c dr
to fixed assest a/c

Types of errors in account

1587

---

how sales invoices adjusted against advance received from Debtor?

1891

---

Explain what is gaap?

1051

---

correction of sundry creotors

2646

---

we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

3426

---

What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?

2062

---

What do you mean by Bill of Exchnage.How to manage ? Explain

1883

---

Capital secure should be shown in which side of the balance sheet?

2351

---

Define bills receivable?

1250

---

what will be the possible question for an interview in account post as a fresher

1974

---

Pass the journal entry: rent outstanding

1800

---

What are the four classifications of bad and doubtful debts as per the context of the bank?

1278

---

A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?

2199

---

under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent

2113

---

In which term & condition excise invoice raises & for what excise invoice raise?

1382

---