What will be the journal entry for advance payments made to the other parties?
Answer Posted / khalid yousf
prepaid expanse a/c Dr
to chase a/c r BANK A/C
| Is This Answer Correct ? | 1 Yes | 4 No |
Post New Answer View All Answers
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
Do you know how many types of business transactions are there in accounting?
What other careers are you considering?
How to prepare HSD statements in tally
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
Private purchases amounting to rs 5000 have been debited to purchases account
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
If a prospective client kept presenting you with excuses not to buy, what would you do?
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
explain me what steps would you take to increase revenue for this company?
SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST
state (5) accounting concepts and give 1 example of each
Define push down accounting?
which subsidiary book is source of these:debit note,credit slip,