Answer Posted / ravishankar

for Expenses: Profit and loss a/c Dr
TO Expenses
for Incomes: Incomes a/c Dr
To profit and loss a/c
for assets&: Liabilities transferred to Balance sheet

In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

1862

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What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?

2068

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Tell me how can you define departmental accounting?

891

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Why are accounting standards necessary?

1017

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What is the difference between deferred revenue and accrued revenue?

1032

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sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?

2227

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"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...

1783

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what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??

1615

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HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB

2103

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April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

3302

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salary payable deduct tds entry

1532

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sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.

3492

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is it related to b.com syllabus or puc syllabus

2263

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Can you name different branches of accounting?

951

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Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.

1854

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