Answer Posted / aj

At the time of providing provision for tax the entry is(current year)
dr-tax a/c
cr-provision for tax a/c
at the time of payment (next year)
dr--provision for tax ac
cr-bank a/c

"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

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I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

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what is t code of journal voucher report with amount?

2282

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I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.

2100

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What is definition of a cash float in accounting?

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How to pass an general entry for materials which are stored in warehouses??????

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What are the nine accounting cycles?

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purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law

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What are the advantages & disadvantages of double entry system?

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SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

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how to enter the tender refund amount in tally ?

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Explain miscellaneous expenditures & profit and loss account debit balance

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You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

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If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B

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Any body would tell me how to takeover withholding tax at the time of go live in sap fico

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