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Subject: Accountancy, asked on 10/9/16

What accouting treatment is given to adjusted purchases in trial balance and what items are shown and what items are not shown?pls explain.

Subject: Accountancy, asked on 10/9/16

When we are given withcost of goods sold then we record closing stock on dr side of trial balance,right?And why

Subject: Accountancy, asked on 10/9/16

If we are given with opening stock and purchases then where will closing stock be shown in the trial balance and why?

Subject: Accountancy, asked on 30/7/16

What is reserve for discount on creditors and debtors?

Subject: Accountancy, asked on 30/7/16

(i)Why don't we transfer closing stock in trial balance?

(ii)On meritnation study material, why are purchases and sales A/c balanced though they are nominal accounts ? They should be closed by transferring into trading A/c?​

(iii)The ledger accounts whose total is equal on both the sides, where balance is not carried out..r they transferred into trial balance?

(iv)The ledger accounts  which are closed by transferring into p&l A/c or trading a/c,are they transferred into trial balance?

 

Subject: Accountancy, asked on 11/3/16

PLEASE CHECK THE ANSWER VERY URGENT​

Subject: Accountancy, asked on 10/3/16

PLEASE ANSWER AS VERY URGENT

Subject: Accountancy, asked on 7/3/16

Will the following entry will be passed in sales return book ? & If yes then what will be recorded ?
"Rebate allowed to keshari Lal on account of mistake in invoice rs 440 ? "

Subject: Accountancy, asked on 7/3/16

When closing stock is written in Trail balance ?
Explain

Subject: Accountancy, asked on 12/2/16

Plsss explain the reason for the entry passed in (vi) point of ques.no.48 pg no. 16.39 TS Grewal 2015 ch no.16 rectification of errors.

Subject: Accountancy, asked on 15/1/16

an old computer sold for 3120 to mahima entered through sales book, amounted to RS 2808 & thereby posted to the credit of mahima as RS 1872------------- rectification entry

Subject: Accountancy, asked on 14/12/15

goods costing 5000 were purchased for various members of the staff and the cost was included in 'purchases'. a similar amount was deducted from the salaries of the staff members concerned and the net payments to them debited to salaries account.

pass the rectification entry for the above transaction.

Subject: Accountancy, asked on 6/12/15

Cash paid to mani ₹5000 against our acceptance was debited to Manu. Pls tell me the rectification entry

Subject: Accountancy, asked on 13/10/15

How do we know whether the difference of trial balanceRs860 is on the debit or the credit side of the suspense account, when we have to rectify the following entries:2)Rs50price of good purchased fromNeevhad been shown on the credit side of his account asRs500.3)Rs30 discount allowed byDiyahad been shown in her account but not posted to discount account.

Subject: Accountancy, asked on 13/10/15

How do we know whether the difference of trial balanceRs860 is on the debit or the credit side of the suspense account, when we have to rectify the following entries: 1)Rs5000 sales proceeds of old machinery had been posted to the sales account.(Completing the same question in the next Query asmeritnationsays only 500 character limit)

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