Answer Posted / shivakumar

Salary a/c Dr xxx
To ESI recd. Cr xxx
TO PF Recd. Cr xxx
To Salary payable a/c Cr xxx
(Being salary Payable is Provision entry for the month of..)
(Create Salary a/c as expense, Salary payable a/c, ESI & PF
a/c as liability

Salary payable a/c Dr XXX
ESI Recd. a/c Dr xxx
PF Red. a/c Dr xxx
To Cash/Bank a/c Cr xxx
(Being ESI & PF payment made to Govt and Salary paid to..)

Explain valuation methods of Normal and Abnormal loss

2081

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If income and expense both are equal then what it depicts

1987

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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?

1745

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Whatis new GL & Odd G.L What is the difference between these two.

2189

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How do you avoid loss situation

2018

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describe the most complex challenge that you have faced and how you managed it

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can any one send me payables real time scenarious or any projects

2159

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why should the company give first perference to the perference shareholders?

2580

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what did you mean by cash credit limit account ?

2764

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Expand-------ANC

2414

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objective of accounting

2079

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Should I have perfect credit score, that is, above 800 credit score?

1831

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IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT

1988

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what tax will be on puchasing of sweets and is necessery to use form 38.

2452

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Dear sir i had been called for ntpc interview and gd next month..please guide me for it!

2864

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