A farmer bought two cows for Rs. 15000 each. He sold one at a gain of 6% and on the other he incurred a loss of 5%. Find the overall gain or loss %. Interview Candidate Nov 1st, 2017 3 5409 Accounting Answer First Prev Next Last ...
Accounts Payable Answer First Prev Next Last Showing Answers 1 - 13 of 13 Answersnkamuni_mca Dec 30th, 2009 A non-po is an invoice which does not have po(purchase order).However, these invoices requires approval for authorized person/persons to process for payment. Was this answer us...
The question “What are you passionate about?” may not be as difficult as some of the others you will be asked in an interview, but it is very personal. In order to answer this question effectively, you need to share what you find interesting with an interviewer that you may have only...
Provision entry account investment Provision entry in TALLY erp 9 Provision entry for expense Balance payment journal entry Salary provision Output using stage variable concept of transformer only (remove reserve duplicates) Accounts payable interview questions What is difference between cash basis and ...
On the other hand, WIRE transfers payment directly to the vendors account on the NBD (next business day).Sometimes these expenses has to shared (partially/fully) by the vendor. WIRE is more expensive and faster than EFT.Wire is used for outside vendors (not belong to the same country)and...
Account payable process starts with purchasing and end with payments to vendors Was this answer useful? Yes Replymanohar Dec 22nd, 2017 Accounts Payable Means Process Start With Purchasing and End with Payment, Its should be Payment Terms As Per Purchase Order, While Process the Payment only...
Accounts Payable Answer First Prev Next Last Showing Answers 1 - 18 of 18 AnswersSweete Jun 20th, 2008 Personal Account Rule:Debit the receiver Credit the giverReal Account Rule:Debit what comes in Credit what goes outNominal Account Rule:Debit all expenses and lossesCredit all incomes and...
According to matching principle, all expenses and revenue must be recorded at the period where they are realised. So to create accrual we debit the expense for example recording telephone expenses that was not passed to the GL we debit tele exp and credit Accrual payable. ...
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Do you book bonus as gross amount in your books or do you separate it by net and taxes in a separate account? Was this answer useful? Yes Replyshreekunj Mar 18th, 2010 It is a note which says that paritcular person has took a credit from other person Was this answer useful?