Furniture is Destroyed in Fire ??
Where it will effect in Balance sheet ??
- 6 Answers
- 11401 Views
- Focus, I also Faced
- E-Mail Answers
Answer Posted / geetanjali
debit side. coz its a loss
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
Explain what are the accounting events that are frequently involved in compound entries?
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
What is the entry for provision?
Explain what does financial statement of the company includes?
List out some of the examples for liability accounts?
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
What GP resew of balance sheet taking.
how to prepare for accontant examinations
what is payment written
What is the difference between lc and bg(letter of credit
