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what is the meaning of single entery system and double
entery system ?
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Answer Posted / mohammed
single entry means recorded once in the financial statement
double entry means recorded twise in the financial statement
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what is the Journal entry for credit card bill paid from same bank account
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?
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Wipro Limited BRIEF IN DETAIL REGARDING RATIOS What is the master account? What are the most important goals of accounts receivable? "A" has two divisions of "B" and "c".In our system we have
two vendor accounts of B&C.We have received one Non PO
invoice of B and posted wrongly in C and its got paid.While
reconciling the account we got this error is happend.We
contacted the C and asked for refund.But C said,he transfer
internally the amount directly to B and he will not refund
the amount.How we will settle this entry in our books.
If we reverse the entry...there is one invoice needs to be
reverse and payment doc needs to be reverse..how we can
settle this in our books... explain the relevance of closing stock account in trading
a/c when preparing the gross profit? why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST
4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE
TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED
CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE
CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ? Do you use social media to identify prospects? Particulars Dr Cr
Capital 10,000
Machinery 3000
debit 2500 1400
sales - 14,500
drawings 900
purchase 9500
wages 5000
bank 1500
Opening balance 2000
rent 450
salary 200
carriage 150
total ___________ _________
25,900 25,900
____________ ________
how to find closing stock as on 31st dec,1998.
wages outstanding 200/-
sunnery expenses outstanding 100/-
rent prepaid 100/- what is mean by sample account and data transfer rule in
SAP FI? RPC Ltd. follows the written down value method of
depreciating machinery year after
year due to
(a) Comparability.
(b) Convenience.
(c) Consistency.
(d) All of the above Tell me what is reversing journal entries?
