Chauhan Nayan
This Query has 1 replies

This Query has 1 replies

01 December 2014 at 15:19

Difficulty

Xyz imported goods worth USD 500000 From US based company on 31st october 2010 when 1USD=46.75. It was agreed to the creditor in four equal installment as follow: date of payment exchange rate 30november2010=45.85 31december2010=46.25 31january2011 =47.35 28february2011 =46.85 the company closed books on 31 december. Calculate the exchange differance and pass journal entries and also prepare foreign currency payable a/c.



Anonymous
This Query has 2 replies

This Query has 2 replies

01 December 2014 at 14:20

Entries on sunday in books of accounts

Respected sir /medam
please give me suggetion
Entries made in books on dated 30/11/2014 is valid entries. if this day is sunday .


KAMALAKANTA SAHU
This Query has 4 replies

This Query has 4 replies

01 December 2014 at 11:50

Purchase of electrical goods

The company purchases electrical good, which expenses we book ?


nilam
This Query has 3 replies

This Query has 3 replies

30 November 2014 at 20:52

C.a.i.p.c.c.now2014 to may 2015 changes

i want to know c.a. i.p.c.c. for 2015 may whats changes. changes for nov 2014 to may 2015, whats changes...all subject, both grp..


Prajwal Pramod Shewatkar
This Query has 2 replies

This Query has 2 replies

30 November 2014 at 14:29

A/c

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)


Prajwal Pramod Shewatkar
This Query has 2 replies

This Query has 2 replies

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)


subrahmanyam
This Query has 2 replies

This Query has 2 replies

30 November 2014 at 11:40

Purchase entry with vat and discount

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?


sumit das
This Query has 1 replies

This Query has 1 replies

29 November 2014 at 18:16

Booking of expenses

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.



Anonymous
This Query has 1 replies

This Query has 1 replies

29 November 2014 at 17:47

Journal entry

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



Anonymous
This Query has 2 replies

This Query has 2 replies

29 November 2014 at 15:12

Invoice

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?






CCI Pro



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