Explain Salary Computation. How to file the salary returns?
What is special GL in SAP? If it is reconciliation a/c for customer then each customer has two GL A/Cs, one normal & other special GL
Every increase in expenditure & assets will be a debit, every decrease in expenditure & assets will be a credit - Put a journal entry and show a puchase transaction.
Latest Answer: In general Accounting scenario:Purchases a/c....Dr To Cash/Creditors a/c(on making cash or credit Purchases)On paying salariesSalary a/c....Dr To Cash/Bank a/cOn Reduction of liability that is on paying the creditorsCreditors ...
If we availing service tax credit , what is the journal entry we have to pass when we receives the bill & what is the payment entry we have to pass if we make a payment
Latest Answer: If we receives a bill with service tax @ 12.36% on Rs.10000/-, the entry will be:Purchase A/c Dr.11236 To Party's A/c10000 To Service Tax payable A/c (Contra-1)1236(Being the Purchases made from ABC, accounted)When we make payment ...
What is the Difference Between Profile Option and User Exits
Latest Answer: don't knw ...
Hi Friends,I have a problem with suspense account. I been working for some organization and they have been getting this suspense account error since 2003. But its a big organization and they didn't
Latest Answer: Generally the suspense Accounts are temporary and are used to park the amounts.1. Therotically suspense account is used if there is any disagreement in trial balance.2. Suspense accounts are used for making the payments on online. ...
As a sole trader you require a vehicle to trade and decide to lease the vehicle rather than purchase it, how would you account for it in the company accounts and what nominal would you use?
Latest Answer: Vechicle a/c dr-FATo lease agreement a/c-Liabilitie lease a/cdr-indirect expTo cash/Bank-current assetsexpense off the payment of lease from th p&l a/c ...
HiI have created Legal Entity from Accounting Setup manager>>Accounting setups and linked with SLAs. But i can not view the same LE from Inventory >setup>organizations>findwhy?Can any one help will be
If your Accounts receivable balance in the general ledger has a debit balance of $110 and your sub ledger has a debit balance of $100 what do you have to do
Latest Answer: we need to pass a rectification entry in subsidary ledger for $10... ...
Latest Answer: After transferring the subsidiary data to the parent set of books, combine the subsidiary and parent data.Once parent and subsidiary data has been combined, enter eliminating journal entries.* Choose the State Controller's Eliminate button to create journal ...
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