Whether the advance received from debtors should be shown as liability or it should shown in Sundry debtors with negative value?
I know the net effect will same, but want to know the exact treatment in the books of accounts for better presentation. Many of the companies showing it in sundry debtors with negative value and other as current liabilities.
how to show paid up and subscribed capital of company into balance sheet
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Hello everyone I need your help I have 3 branch in same area..We Transfer goods to Head office to all the branches ..in the end of the day all branch cash comes to head office...what's the entry for for that...and my boss want sperate balance sheet for all the branches ...should I create 3 different company or in one company I can work...I am using Tally erp9 software thanks
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Respected Sir Can u tell me that what will be the accounting Treatment of Bank Overdraft as Journal Entry..?
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Hi, Kindly help me in this entry computer purchased and gifted to students . How the entry to be passed as it is not asset of the university But whether it has to be treated as revenue expense or capital expense. It is not a asset of university. So we cannot treat as fixed asset Please help me in this entry.
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There was a income of 1227022.67 wrongly credited in last year which was now debited to current year loss as prior period adjustment. How will this affect the cash flow..?
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What is composite contract can you lease suggest me the sections to be refered
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Sir, How to pass journal entry in the case of freight outward under reverse charge machanism of service tax.
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LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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Accounting entry