Answer Posted / kapilsingh

excise duty chargeabe on the all manufacturing products
purchase a/c dr
excise duty a/c dr
to cash


for sales entry
cash a/c dr
to sales
to excise

What are the most important goals of accounts receivable?

1041

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Tell me entries to revenues accounts such as service revenues are usually?

3761

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Is financial accounting necessary?

1052

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whats difference between manufacturing account & cost account

2274

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What are premises in accounting sense? What is vat adjustment?

1059

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what are the processes of account reconcillation

2075

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What is the difference between perpetual & periodic inventory system?

1046

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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?

2487

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What are the criteria for accounting job?

1913

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Explain compound journal entry.

1024

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pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

2004

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Can you differentiate public and private accounting?

1265

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Tell me do you have any professional experience of this field?

1112

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what will be the entry for inventory

2039

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cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c

2254

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