Salim

• Aug 7th, 2011

Before approving invoice following points to be check. 1. Customer or Party name 2. Invoice no. , invoice date & invoice amount 3. Purchase order & quantity 4. Bank details of Customer and par...

Durga Prasad

• Jul 27th, 2011

Before approval of invoice, we need to check the Quantity, and condition of the goods, payment terms, prices, etc

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What items of information do you need before you can approve an invoice for payment?

Murugan L

• Jan 11th, 2012

1. Date
2. Invoice No
3. Vendor Name
4. Tin No
5. Total Amount calculated correctly or not
6. Signature of inventry handler (who taking care of material receiving, Goods Receiving Note)
7. Materials quantity and quality must tally with purchase order
8. and tax details.

molabanti

 Profile Answers by molabanti Questions by molabanti

• Nov 11th, 2011

From the following points normally we observe

Invoice Date
Invoice Number
Vendor Name
Vendor Address
Quantity of Stock
Total Price
Vendor Signature
Net Price
Original Invoice
Security Seal
Pass in Seal
Tax Code

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subbop

 Profile Answers by subbop Questions by subbop

• Aug 7th, 2009

It is process of analyzing two or more statements of account records. If any difference exist between them, finding the cause and bringing the statements into agreement and ensuring the reliability.&n...

Rajeshwari

• Apr 3rd, 2007

   It is a statement prepared for the purpose of reconciling or agreeing the cash book balance with the pass book balance by making sutiable adjustments for the items responsible for the disagreement

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What is VAT (Value Added Tax) in brief ?
Rate, Calculation, Date of monthly payment, Date of Return, Interest on late payment, Penalty on late return.
Also what is cenvat ?

mirza aaftab aalam

• Mar 12th, 2015

WHAT IS TDS

Lalmohan

• Feb 26th, 2015

TDS means tax deduction at source,there are different types of TDS rates are available on the basis of different services under different sections.like professional service salaries.TDS is deducted from basic salaries.there is a slab for minimum charges.

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What type of account appear on a post closing trial balance?a) income statement accountsb) balance sheet accountsc) cash flow accountsd) temporary owner's equity accounts

bandari.r

 Profile Answers by bandari.r Questions by bandari.r

• Jul 31st, 2008

Income/Expense statement sheet Net Profit as the balancing item and this will be taken as Net Profit in Balance Sheet

jansiranishanmugam

 Profile Answers by jansiranishanmugam Questions by jansiranishanmugam

• Jul 28th, 2008

Cash flow accounts

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How to pass a JV when we receive bill including service tax? How to close this a/c?

bhardwaj.anit

 Profile Answers by bhardwaj.anit Questions by bhardwaj.anit

• Aug 23rd, 2010

If we can cliam Service Tax:Exp A/C DrService Tax A/c Dr To Vendor's A/CIf we can not claim service tax :Exp A/c Dr To Vendor A/C(With Gross Amount)

chinnaguntupalli

 Profile Answers by chinnaguntupalli Questions by chinnaguntupalli

• Sep 9th, 2009

Entries to post is Expense A/C   Dr.Tax A/C           Dr.Vendor A/C     Cr.Upon end of each month we will file return wi...

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Explain End to End AP Process?

vijju

• Mar 19th, 2014

End to End accounts payable process 1. Identify the requirement 2. Vendor search 3. Request for the quotation 4. Evaluation of vendor and selection 5. Contract Negotiation and Implementation 6. Send P...

K Sunil

• Nov 28th, 2013

End to End Process with Accounting Entries : 1. User will raise the Purchase Request to procurement with all the requirements - No accounting entry 2. Based on the procurement policy PO(Purchase Oder...

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What is the use of Delivery Note?

subbop

 Profile Answers by subbop Questions by subbop

• Aug 7th, 2009

A Copy of Delivery Note signed by consignee/buyer is the proof of delivery of goods in list of description, grade and quantity to the consigner/seller.

c7831887

 Profile Answers by c7831887 Questions by c7831887

• Jul 7th, 2009

Delivery note is a document sending goods from supplier to a buyer.  Its contains only the buyer's name, address, VAT/CST No., Description of the goods being sent, Goods quantity and method o...

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What is meant by RTGS?

sanjivani.patil

 Profile Answers by sanjivani.patil Questions by sanjivani.patil

• Sep 23rd, 2009

Real time gross settlement systems (RTGS) .RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis. This is the fas...

ravikumar.PR

 Profile Answers by ravikumar.PR Questions by ravikumar.PR

• Aug 5th, 2009

RTGS in banking means fund transfer from one bank branch to another bank branch in real time with gross settlement. Real Time Gross Settlement is the full form for RTGS

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What are Golden Rules for Accounting?

Victor Samuel

• Jul 6th, 2017

Golden rules of accounts:
Personal A/c:
Debit the receiver
Credit the giver

Real A/c:
Debit what comes in
Credit what goes out

Nominal A/c:
Debit all expenses and losses
Credit all incomes and gains.

Chandramohanreddy

• Jun 12th, 2017

1.Personal account: The account which is starts with names and artificial concerns are called as personal account debit is the receiver credit is the giver 2.Real account account:Inflows and outfl...

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We know the difference between PO and Non PO invoice, but how can we identify the critical vendor invoice in SAP.

RAHUL

• Jan 9th, 2018

For PO we have a purchase order number.
For Non-PO we don't have any PO number for that.

Vikas

• Mar 6th, 2017

Critical vendors I believe are the vendors who are directly or indirectly related to Government like Tax invoices which are paid quarterly, monthly and yearly. Critical vendors in short are the vendors whose payment in delay will effect some entity.

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What are the scenarios where we use Sub debits/credits in AP.

Correct me if I am wrong - for Freight, if amount short paid e.t.c what are the main scenarios.
Why actually would we go for Sub

Satya Nand

• Nov 4th, 2017

Hello,

Basically the concept of Sub debit and credit apply to adjust the price difference where quantity is not included.

This can be placed only after the fist document has been keyed into the SAP.

kavita

• Jul 4th, 2017

Subsequent credit is used to show price difference. Credit is for quantity difference.

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koteswararao.sairam

 Profile Answers by koteswararao.sairam Questions by koteswararao.sairam

• Jun 27th, 2008

The entire ledger balances are summarised in the form of a statement is called trail balance. it is a statement containing the various ledger balances on  a particular date.this statement shows t...

StephenRaj

 Profile Answers by StephenRaj Questions by StephenRaj

• May 5th, 2007

Trial balance underlie on the simple fact that for every credit entry there must be an equal debit entry in the accounting ledger. So in the process of trail balance all the debits are totaled and all...

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nkamuni_mca

 Profile Answers by nkamuni_mca Questions by nkamuni_mca

• Mar 3rd, 2010

A company code is the legal entity for which we can prepare profit and loss account?and Balance sheet...Sundry Creditors account is a reconciliation account and it is always adviced to maintain this ...

hrushikeshjoshi

 Profile Answers by hrushikeshjoshi Questions by hrushikeshjoshi

• May 21st, 2008

 A company code represent an independent balancing/ legal accounting entity. No, i think so no necessary to create sundry creditors.

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Madhavan Kamaraj.M

• Sep 3rd, 2011

National Airways and Finance corporation Ltd.

Salim

• Aug 8th, 2011

NAFCO REFERS TO NATIONAL AIRCRAFT FINANCE COMPANY This is the finance institution which provide loan to the aviation companies

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Goodwill is an intangible assets. it is exist in business.

kmananda

 Profile Answers by kmananda Questions by kmananda

• Oct 13th, 2008

Goodwill is a reputaion of the organisation and it will appearing?in assets side of the balance sheet. It can be value based on diff- type of method based on financial statement of the company.

Sweete

 Profile Answers by Sweete Questions by Sweete

• Jun 20th, 2008

Goodwill is the extra amount paid at the time of acquiring the bussiness, it is got by reputation, brand name, fame of the company and loyalty of the company.  It is an intangible asset which is shown in the balance sheet on the asset side. 

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arshad

• Aug 15th, 2007

Rest if this amount  ie 50/- paid -(25/- good received) should be kept as advance  for next year 

ZainAziz

 Profile Answers by ZainAziz Questions by ZainAziz

• Aug 1st, 2007

Enter the rest of the amount as a Credit Memo

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t_dheerajsingh

 Profile Answers by t_dheerajsingh Questions by t_dheerajsingh

• Feb 16th, 2007

The following are the steps to define Supplier1. Suppliers ---> Entry2. General Tab Give Supplier Name, Alternate name3. Classification Tab Type --> Supplier4. Control Tab Give Invoice Match Options5....

ramamsrinivas

• Sep 19th, 2006

Enquire about the supplier's capability of supplying materialCheck has he send valid quotation for required material/serviceCheck the history of the supplierCheck wether supplier is existing with company or notCheck if there  is any earlier commitments which are not fulfilled.

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jayaveerarajan

 Profile Answers by jayaveerarajan Questions by jayaveerarajan

• Jul 10th, 2009

Accounts Payable, Working Capital Requirement, Accounts Receivable

sharma.murlidhar

 Profile Answers by sharma.murlidhar Questions by sharma.murlidhar

• Nov 28th, 2008

As I mean that the main reports of the MIS Reports of the Accounts should be Accounts Payable.

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Rate, Calculation, Date of monthly payment, Date of Return, Interest on late payment, Penalty on late return.

Pintal Chauhan

• Jul 25th, 2016

Service tax is a tax charge on the services provided to the customer.

Syed hussain

• Jun 27th, 2014

Service tax nothing but an which we provide service to others is service tax payable

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