how can a decrease in trade payable result in decrease in assets?? Cpt fundamental of accounting textbook pg no 1.44 que no 2.(iv)

pg 1.44cpt textbook qur no 2.(iv) decrease in amount of trade payable results in... a)increase in cash b)decrease in bank overdraft a/c c)decrease in assets d)no change in assets correct ans is given as option no c) how is it? I think ans shud be a)

x purchased 10000/- goods from y, he given 1000 as discount, vat rate is 5%. then what is the accounting entry in the books of purchaser?

Dear Sir,
I am working in a foundation company.We are apportion expenses center wise, Now we have organised a meeting in zonal office which cost is Rs 20,000.

Total participant 10. (5 from barasat center ,3 from baruipur center, 1 from barrackpur center & 1 is a trainer who is companies own zonal staff,
Now what is cost booking ratio 5:3:1 or 5:3:1:1.

if take second ratio then why.

Please clear me.

hi every body this is kranthi can you tell me Journal entry for these question
Q:Purchase cell phone Rs.9000 and down payment Rs.1500 and remaining Balance paid emi 20 months per month RS.375/- how to pass on jv

Dear Sir

I got one invoice. they have mentioned right bottom corner like this E.& O.E
what is this meaning? it is compulsory in Invoice pls let me know?

There are two equal partners in an ongoing partnership firm. The partners start business with equal capital. In due course of time one partner withdraws more capital from the firm's account. As a result his capital is now in negative. He has siphoned all of the working capital from the firm. The firm is now facing financial crisis as regards to supplier's dues, worker's salaries and other statutory due. An Arbitration clause is provided in the partnership deed with a named Arbitrator.
What are the remedies to tackle such an issue. Is dissolution of the firm the only option left?

pls reply

what should be entries passed at the time of professional fees received with tds receivable entry ???????????

COULD YOU PLEASE HELP ME TO PREPARE A IN HOUSE FIANCIAL STATEMENT? WHAT ARE THE CONTENETS COME UNDER THIS STATEMENTS.