Answer Posted / shyam

If expenses incurred by Director is related to business it
will pass as
Expenses A/c ... Dr.(Mentioned appropriate expense ledger.)
To Bank/Cash A/c

If expenses belongs to his personal it will pass as
Drawing A/c ... Dr.
To bank/Cash A/c.

how pass journal entry in the month ending for input vat and out put vat

2244

---

What is accounting ethics?

1047

---

the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled

1777

---

How much mathematics knowledge is necessary or required in accounting?

1018

---

Can i put opening stock in new company during closing time

1693

---

What is the journal entry of building rent and TDs payment?

1537

---

Tell me what is project implementation?

992

---

How much statistics knowledge is necessary or required in accounting?

1398

---

i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir

1772

---

what is core accounting?

2296

---

Who is debtor purchaser

1932

---

What are time sheets?

1094

---

When their is one pick point and four unloading places with in same district their is need to write four number of way biils

1843

---

While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

2275

---

Do you know compound journal entry?

1101

---