Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3293 Points)
Replied 09 May 2021
(1) labour charges account debit
labour charges payable account credit.
(2) when actually paid.
the entry will be
labour charges payable account debit
proprietor capital account credit.
Naveen Kumar
(629 Points)
Replied 09 May 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3293 Points)
Replied 09 May 2021
labour charges payable. It is payable he said. not paid.
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 09 May 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3293 Points)
Replied 10 May 2021
yes. I agree with Sourav
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