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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mohit

• Feb 1st, 2012

first if u do accounting in manual way than prepare trial balance of all accounts and check all related vouchers to that accounts ex.for preparing furniture a/c check all voucher which is related to f...

pratima

• Nov 24th, 2011

1.Directors report
2.auditors report
3.B&s & P&l

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Gandhevi

 Profile Answers by Gandhevi Questions by Gandhevi

• Aug 17th, 2008

Accounts Payables & Bills Payable looks one and the same but the only difference here is Bill Payables talks about making payment to Vendors whereas Accounts payable deals with internal adjustment...

Nishchint_2006

 Profile Answers by Nishchint_2006 Questions by Nishchint_2006

• Jul 14th, 2008

Accounts payable consist of debtors & bills receivable,where as bills receivable is part of accounts receivable,if you have doubt plz check in Ratio analysis full fledged knowledge books

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What entry is recorded when $75.00 worth of supplies are purchased on account?

tharik_409

 Profile Answers by tharik_409 Questions by tharik_409

• Jul 25th, 2008

Purchasing good two kinds of entry either Cash or Credit.If Cash Purchase A/c----Dr xx To Cash A/c (Being good purchase on cash)If Credit Purchase A/c----DrTo Supplier A/c (Being goods purchase on Credit)

shoukath

 Profile Answers by shoukath Questions by shoukath

• Jul 22nd, 2008

Purchasing good two kinds of entry Either Cash or Credit If CashPurchase A/c------Dr    xxTo Cash A/c(Being good purchase on cash)If Credit Purchase A/c----DrTo Supplier A/c(Being goods purchase on Credit)

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What is the full form of the trem WIRE in wire payment ? Expalin the process for making and receiving the payment through WIRE?

vijay.rathinavel

 Profile Answers by vijay.rathinavel Questions by vijay.rathinavel

• Mar 13th, 2010

The WIRE payment there is no specific expansion.Incase WIRE payment means the payment will reach vendor within a days.Incase of EFT the payment will reached by the vendor it will take 3 days.(required SWIFT code, Account number, ABA number etc)

cahi2u

 Profile Answers by cahi2u Questions by cahi2u

• Sep 3rd, 2008

The processed payments will be credited into the client/vendor's bank account.

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If there is oustanding payments, we have to pass accural enteries. So what are the enteries for accurals?

sundar

• Feb 23rd, 2013

3050000 account debit
To customer account credit

chinnaguntupalli

 Profile Answers by chinnaguntupalli Questions by chinnaguntupalli

• Sep 13th, 2009

It is an entry to create provision for unaccounted expenses in the current month for which services/goods already recieved.

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

c7831887

 Profile Answers by c7831887 Questions by c7831887

• Nov 22nd, 2009

We have to check the following:-1.  Whether the Purchase Oder quantity, rate and description matches with the Invoice sent by the seller.2.  Is there any debit note available against the Inv...

chinnaguntupalli

 Profile Answers by chinnaguntupalli Questions by chinnaguntupalli

• Nov 6th, 2009

Payment terms of the invoiceWhether posting in ERP is matching with Invoice copy or notWill approve only hold free Invoicesif it is a Non-PO based, will check whether approver has authority approve in...

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How many types of purchase order's status are their and their relative significance. e.g Closed, Released, Open, etc

shaiK

• Jul 20th, 2013

There are five types of purchase orders.
1) STANDARD PURCHASE ORDER
2) PLANNED PURCHASED ORDER
3) BLANKET PURCHASED ORDER
4) CONTRACT PURCHASED ORDER
5) AGREEMENT PURCHASED ORDER

mvaramakrishna

• Apr 7th, 2012

5 Types

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furqan shah

• Oct 10th, 2011

Because according to rule of accounting if u are debit some account than you have to credit same amount.

naveen_bansal205

 Profile Answers by naveen_bansal205 Questions by naveen_bansal205

• Sep 16th, 2011

As an accountant wants to be sure that the ledger accounts he/she has prepared are correct in respect of amount, side, balance, etc. To check the accuracy of posting in the ledger a statement is prepared. This statement is called Trial Balance.

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At which stage accounting entries gets generates in AP?
Also what is Credit balance?
How is your Team helps in generating revenue to the company?

nishant tyagi

• Mar 9th, 2017

1. Inventory Receiving A/C Dr.
To Accrual/Goods Clearing
2. Accural/Goods Clearing A/c Dr
To Accounts payable
3. Accounts payable a/c Dr.
To Bank Clearing A/c
4. For Reconciliation-
Bank clearing A/c Dr.
To Bank A/c

siva

• Dec 27th, 2015

I want more information about accounting and finance

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What are the journal entries for invoice posting & for payments activities?

praveen

• Dec 5th, 2018

Mahesh
Actually at end while we do the payment run it does not hit the bank directly
vendor to PIT account (payment in transit account
PIT to bank account

Mahesh

• May 15th, 2018

For invoice posting
GR/IR a/c Dr..
To vendor a/c
For payment...
Vendor a/c Dr..
To cash/bank a/c

Plz correct me if there is any mistake

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For Non-PO invoices, who will determine the CC, GL, Profit Center, WBS elements imprinted on the invoice?

Vikas

• Nov 22nd, 2019

Thanks for the answer, but my question is, who writes the coding details on the invoices, that we process. I have often seen, the sometime the same coding details exists in the PO assignment tab, and which team enters in the PO.

Arshad Ayub

• Oct 27th, 2019

Based on parameters, GL coding matrix previously done the expense n cost will be hit to particular plants/cost centers

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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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