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Rectification of Errors after preparation of Trial Balance
Accountancy
answered on 04-Oct-21 21:02
Are all my entries correct ?
latest answer
No bro
Aditya Birla
CBSE XI
★ 4K+
10
581
Final account
Accountancy
answered on 05-Oct-21 11:37
What is the effect of this error on final accounts? Purchases include sales return of 10,300 and sales include purchases return of 6,900.
latest answer
Thanks mam
Rakesh Shah
CA Final
★ 5K+
13
4K+
Final account
Accountancy
answered on 03-Oct-21 22:43
What is the meaning of this 'Salaries payable'?
latest answer
It is same as salary outstanding... expense incurred but not paid which is a Liability so dr in p/l and balance sheet Liability side
Rakesh Shah
CA Final
★ 5K+
1
509
BOE
Accountancy
answered on 09-Oct-21 10:25
Suggest this answer by meaning: Davidâ??s acceptance to Samuel for ` 5,000 discharged by a cash payment of ` 1,000 and a new bill for the balance plus ` 100 for interest.
latest answer
Yes. Cancel bill of 5000 B/R A/c Dr 4100 Cash A/c 1000 To B/R A/c 5000 To Interest Income 100
Rakesh Shah
CA Final
★ 5K+
2
500
Account
Accountancy
answered on 06-Oct-21 10:19
Explain the meaning of this full sentence: credit notes at invoiced value of ` 3,000 had been issued to customers in respect of goods returned during that period
latest answer
When you sell goods - you issue an invoice and money is receivable. When goods are returned a credit note issued in favor the original buyers and that credit notes knocks of the receivable in the account of the Debtors. Credit notes are issues for sales returns, discounts given to our debtors etc
Rakesh Shah
CA Final
★ 5K+
2
459
Inventory
Accountancy
answered on 05-Oct-21 10:43
Please explain highlight sentence
latest answer
Adjustments required for Inventory valuation (1) sales returns of next year with Rs.300 mark up included in stock (2) slow moving stocks to be written down by 600 (ie. 1125-526) (3) stock to be written down by 300 to its realisable value (i.e. 1550 -1250)
Sejal Shivani
CA Foundation
★ 5K+
9
496
Inventory Please solve this sum
Accountancy
answered on 03-Oct-21 20:43
Please solve the sum
latest answer
:)
Dhakshana Dhakshana
CFA L2
★ 18K+
13
504
Depreciation Help me
Accountancy
answered on 03-Oct-21 17:21
What should I take as year end for calculating Depreciation? Is it Dec or Mar?? Calander year or financial year friends?
latest answer
Thank you mam
Dhakshana Dhakshana
CFA L2
★ 18K+
2
419
As 16
Accountancy
answered on 03-Oct-21 13:49
From general borrowing cost , temporary income is not deducted . Right ? Then why in this question it's deducted.
latest answer
Thank u so much sir ð???
Chandan Subudhi
CA Final
★ 12K+
7
540
Inventory
Accountancy
answered on 03-Oct-21 06:34
Why this three expenses are not included in calculation of inventory?
latest answer
Ok Thank you sir
Sejal Shivani
CA Foundation
★ 5K+
4
514