Purchase a goods from venkat for cash,it should be credited to
Whom
Answer Posted / waheed
Cash
Is This Answer Correct ? | 19 Yes | 5 No |
Post New Answer View All Answers
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
If balancing account is not assigned to company & is assigned to department wat will be the effects
I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.
what is apply SI post
What are its characteristic features of financial accounting?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
Explain what is accrual accounting?
Can you name any other accounting application?
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
Where do we create House banks and what is the process in sap fico
How many accounting standards are currently published?
Why you want to change???
If there is an excess amt of TDS paid under the head TDS on contractor, then how it can be shown in Annexure of TDS return?
what are the limitations of accounting ratios?
What are the three factors that can affect your cash flow and business profitability?