Answer Posted / kannan
capital is fixed liabilities -the amount one who put forth to start his venture
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
What is accounting & why it is used?
how to get a job in stock markets for MBA-FINANCE?
What is creative accounting?
Capital secure should be shown in which side of the balance sheet?
What are the nine accounting cycles?
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
What is normative accounting?
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
What are the 4 principles of gaap?
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
how to calculate vat,pf,esi,service tax in corporate firm