In the month of Dec-2016, received the rent bill for the following months of Jan-16 to Mar-16. but the payment will happen in the month of Mar-16. What is the Journal has to post in the month of Dec-16.

Gouda

• Dec 30th, 2017

Rent a/c cr
bank a/c dr

Puneet Ary

• Sep 11th, 2017

Rent A/C Dr.
To Rent Outstanding

Rent Outstanding A/C Dr
To Bank A/C

Rent A/c Dr
To Bank A/c

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We have purchsed 100 share by cheque and we have sold 200 share from our stock. Tell how can we give entry to accounts ?

Ahem

• Feb 25th, 2018

When you purchase 100 shares : the entry will be : Inventory a/c DR Good Receipt Note CR GRN a/c DR Vendor Cr Vendor - DR Bank - Cr When You sold 200 Share the entry will be:- Cost of Gold...

sreejithsr

 Profile Answers by sreejithsr Questions by sreejithsr

• Nov 28th, 2010

    Purchase of Share            Share a/c dr Bank a/c cr    Sold of shares            Bank a/c dr Share a/c cr   

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What is the difference between P&L account and Trial Balance?

shubham

• Nov 7th, 2019

Your answer is best and perfect and they have one point is profit and loss is the part of trial balance like expenditure, income these are the point to my point of view otherwise your answe is excellent

Acharya

• Jan 17th, 2018

P & L is the part of Trial Balance, In trial balance we can see all the ledger account, Income, expenditure, gain, loss, assets and Liabilities, from these other than assets and liabilities all other items pull into PL

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what are the determining factor to determine how many segments are needed to create a chart of account for a business group? Suppose A chart of account contains 5 segments for an organization. So how to determine that we need 5 segments or 6 segments or any number of segments for a chart of account?

gururaj

• Jun 28th, 2017

It will depend upon the organisation requirement, there is no matter of 5 or 6 segments, sometime it requires more then 6 also.

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rex

• Jun 23rd, 2022

The question was asked correctly in SAP there is a concept of Leading, non leading, extention ledgers where nothing is mentioned about GL groups,types of accounts etc. The writer wants to know how this relates to the general ledger...do you?

Ansar Aluva

• Oct 20th, 2015

General Ledger is the control account where we do not have individual details for each entries which is flowing from Sub edger.
Ledger, technically the breakup of an individual ledger with all details which is recording in sub-ledger level.

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