Answer Posted / syed irfan

Advance(Party) A/c Dr.
To cash

and when he submit the actual expenditure .Advance account to be credited and expenditure account to be debited

Why Company maintain's books of account?

1958

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Explain an example of a tough decision you had to make quickly?

1087

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adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off

1815

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What is service tax & excise?

1161

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is goods in transit will be liable for entry tax ?

1743

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In accounting equation what is the treatment of investment in shares??

1560

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Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?

2400

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What is the difference between trial balance and general ledger?

1139

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If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes

2651

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What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?

2533

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How to create a liability for Service Tax in SAP

2893

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WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?

1838

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

1123

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I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.

1520

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what is the journal entry for gas connection taken by company for preparing tea and coffee.

2377

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