Interested to Buy Any Domain ? << Click Here >> for more details...
If cheque issued for 1400/- and recorded as 1900/- how do
we rectify this error.
- 6 Answers
- 8369 Views
- I also Faced
- E-Mail Answers
Answer Posted / punitthakur001
By the concept of sap we can not adjust cheque entry. We can
only reverse this entry and make a new entry of cheque issue
of Rs. 1400.
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
What Is Differ tax,
What is recording damage inventory in books of account?
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
What are accounting rules called?
How time sheets are maintained?
What is difference vat
Explain me your current/former role, your responsibilities, and how success is/was measured?
What is cash flow and fund flow?
A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.
List out things that fall under intangible asset?
Please give me as example of service tax & Vat Posting through Tally.
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
What is liabilities and what all does include in current liabilities?
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
