adspace


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


Please Help Members By Posting Answers For Below Questions

what accounts payable applications are your familiar with?

1222


There is no item category assigned to account

2237


a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?

2422


why i want to join Hawkins company

2313


VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI

2165


The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).

2191


what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1886


Tell us what kind of work environment do you prefer?

1165


can any one send me tally professional version link

1715


please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com

2022


WHICH QUESTIONS ASKED IN EPFO IN 2009.

1982


Tell me an example of a tough decision that you had to make?

1139


Tell me what is your track record for consistently achieving your targets?

1432


What is account payee cheque? Expand ctc cheque?

1265


How many invoices on average do you handle on a weekly/monthly basis?

1328