Interested to Buy Any Domain ? << Click Here >> for more details...
what is the entry for provission for salary t 31march and
1st april and payment
- 5 Answers
- 7465 Views
- I also Faced
- E-Mail Answers
Answer Posted / pradnya
XYZ [ employye name ] ---------Dr.
To Salary payble ---------Cr.
[ Provision on 31st march ]
Salary Payble ----------------Dr.
To Bank/ cash ----------cr.
[on 1st april payment entry ]
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What is an interest rate swap
what is loan operations and what are the complete process form from making customer to closure of loan
Tell About ur self what will i say plz help me
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
What are mis reports and do you prepare it?
What are the 4 phases accounting?
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
Discuss the consistency concept in accounting
what is general accounting
What does the abbreviation dr mean in accounting?
I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
What is an adjusting journal entry?
