Answer Posted / m.husain

Software A/c DR 
Supplier A/c CR


if u r taking any state taxes like as Vat or Service tax then

Software A/c DR
Tax A/c    DR
Supplier A/c CR

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 ?

1563

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What is deferred account?

1320

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What is the difference between depreciation and amortization?

1156

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what single discount is to2 successive discount of 10%& 15%

1881

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WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?

5625

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what are doucement required under registration of properity firm. give the answer breif

2050

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HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES

3061

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What is service tax & excise?

1158

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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

1901

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Difference between depreciation according to cost principle and matching principle

2094

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dear i want basic a\C's oriented question. these are asking in mostly all mnc companies

1999

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Explain me what is general ledger account?

1208

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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1812

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What is vat adjustment?

1121

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Tell me why did you select accounting as your profession?

1022

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