Answer Posted / spv@bsl

While raising the bill you have to Dr to ABC Co. and Cr. to
your receipt account

while receiving the fee against above bill Receipt account
(income) a/c Dr and Credit to ABC co.

Income a/c Dr
To ABC Co Cr

Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?

2653

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What are the 4 types of ppe?

1236

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Define public accounting?

1079

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GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

1524

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What are time sheets? How are they maintained?

1088

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what is service tax & excise? How will it be charged?

1081

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Explain different branches of accounting?

1300

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What is mutual fund what is derivatives what is capital market what is TDS.breifly

2365

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Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

1893

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how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you

1666

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what is a corporate chart of accounts and its purpose?

1834

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what is profit maximisation

2057

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Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00

2157

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What was your most complicated sales cycle in past positions?

1310

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What are the rules for debit and credit for different accounts to increase the amount in your business accounts?

1212

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