 Related Questions Latest Answer : Adjusting entry need every end of month & end of year because The match priciple of accounting, that means expense have to match revenue,means the expenses or revenue has been occur but have not record need to be adjusted.Like wages accrual ... View Question | Asked by : sangeetha If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their activities? Read Answers (1) | Asked by : parasuram 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 ... 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 : Non Cash Transactions Should be Recorded In Journal Entry.For Ex:Salaries A/c Dr xxxxx To Salaries Payble A/c xxxx. ...
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