On 1st February, 2010, Sinha & Co. of Kolkata consigned 150 cases of goods to Mitra & Co. of Delhi. The goods were charged at a proforma invoice of Rs. 15000 including a profit of 25% on cost price. On the same date, Sinha & Co. paid Rs. 800 for delivery charges & insurance. On 1st July, Mitra & Co. paid railway freight Rs. 1200 & Godown rent Rs. 500 and sent to Sinha & Co. Rs. 6000 as advance. On 1st September, they sold 120 cases for Rs. and sent a remittance for the balance due to Sinha & Co. after deducting commision @ 5% on gross sale proceeds. Show ledger accounts in the books of Sinha & Co.
Dear Sir,
We have a proprietor ship firm, My sales turn over 1.65 crore. We need unsecured loan so please advise me what the condition of unsecured loan and what maximum limit.
What exactly is uninsured standing charges? In reference with fire insurance chapter, group 1 accounting, IPCC
returned goods to A&co. 300 (not being up to specifications A&co. also admit claim for breakage of goods) 100
hlo sir, I am ankit from moradabad sir mne apni articalship ke 10 month complet kr liye hai.jo 13-12-2014 mai pure hue hai.Mne is din trf le liya tha. sir ab mai kuch smay ruk kr articalship join krna chahta hu. kya mai essa kr sskta hu or kitne smay tk mai gaap kr skta hu.
Dear sir, I want to know about a adjustment entry. sir my party was creditor to Rs. 10000/- but I paid to exp. on that behalf. then I want pass a entry against the party. this entry is right or wrong.
party a/c dr. 10000/-
to exp. a/c cr. 10000/-
and
exp. a/c dr. 10000/-
to cash cr. 10000/-
please tell me about what should I do about this entry.
please can anyone tell me difference between standalone and consolidated balance sheet.
its urgent reply fast
Can a partnership firm enter into a partnership with other individual. If no what is the solution?
Sir, I have A query regarding charge of depreciation from F.Y 2014-15 as method has been changed for calculating depreciation under the provisions of new act. Please clarify the effect of depreciation on 1 general plant and machinery having book value as on 1/4/2014 is Rs. 4025890 and purchased on 15/06/2005 at value of Rs. 6000000.
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Ledger accounts