Interested to Buy Any Domain ? << Click Here >> for more details...
how the loss on sale of furniture will be entered in
accounting books
- 4 Answers
- 9436 Views
- I also Faced
- E-Mail Answers
Answer Posted / kannan
The loss you incurred is just like a discount you allowed to them , so the entry is
cash a/c Dr
Discount allowed a/c Dr
To Furniture a/c
| Is This Answer Correct ? | 0 Yes | 5 No |
Post New Answer View All Answers
Which Invoice issued on Central Sale Commercial or Retail?
define bank Draft
what is meant by transposition error
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?
What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
In case of new admission of partner what will be the adjustment for the sharing ratios
4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470
how there prepare bank interview
what is contigent liabilities? whats it status in balance sheet?
Short Answer on __________Event
How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com
