 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 1)invoice approval work flow2)invoice validations3)invoice accounting4)auto invoice in Accounts pay ables5)Legacy P.O's conversions6)legacy Invoice's conversions7)Autoaccounting,autocash rule set8)HOw many set of books attach to one legal entity9)many set of books attach to one operating unit10)Expense invoice11)Recurring Invoice12)Budget's13)After permanently closed period. in the same period how to pass transactions.14)we passed one invoice with 90 days payments term but we paid View Question | Asked by : devender Latest Answer : Both Letter of Credit and Letter of Guarantee are commitment to payment by the issuer of the instrument (generally a Bank). In letter of credit, the issuer has to fulfill his commitment on fulfilling the terms and conditions of the letter of credit by ... Read Answers (1) | Asked by : faruk What is the effect of not reconciling the expense accounts?If there is a credit adjustment in the expense account with no supporting documentations, what is the financial statement impact? Read Answers (2) | Asked by : Patrice 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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