Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / srinivas
Consignment is a type of business who send the goods is
known as consignor & the receiver is known as consignee.
This transaction is called consignment.
| Is This Answer Correct ? | 5 Yes | 3 No |
Post New Answer View All Answers
How many accounting standards are currently published?
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
Why does the accounting equation have to balance?
Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A
Accounting Questions
sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.
If the company acquires equipment prior to incorporation what are the accounting entries?
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
Expand ctc cheque?
List out things that fall under intangible asset?
What are the characteristic features of financial accounting?
Do you know what is liabilities and what all does include in current liabilities?
Define bills receivable?
