Answer Posted / prathi

A is paying to B on behalf of C so the entry is
in books of A
B's A/C Dr. 1000 Expenses is Dr.
To Cash A/C Cr.1000 Cash is going out Cr.
( Being A paid to B)

in books of B
Cash A/C Dr. 1000 Cash is coming in Dr.
To A's A/C Cr. Cr. the giver

In books of C
A's A/C Dr. Expenses is Dr.
To Cash A/C Cr Cash is going out Cr. from
C's a/c

After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?

1754

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what role did you play in collections?

1107

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Tell me what is the abbreviation for the accounting terms debit and credit?

994

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WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT

2015

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Why we debit expenses and credit incomes ?

1752

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Dear sir, In tally what is list of cost centres? and what is the list of cost categories?

1879

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in terms of accounting the trial balance when is it taken?

1034

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What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.

1869

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What is the difference in accounting and marketing?

1020

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give me examples of the accounting reports you have prepared

1199

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Tell me what steps would you take to increase revenue for this company?

980

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Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

1611

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What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

2449

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Explain what is account receivable?

1038

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why you want to lecturer

2165

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