WebJul 23, 2015 · Before passing entries you need to cross check the purchase entry with invoice in following areas:-. 1)Quantity 2) Rate per Kg 3) Excise Duty (Direct or Input as such) 4) VAT/CST. In our next topic, i am going to explain how to pass journal entry for Purchase return in different scenarios. WebCorruption poses a significant legal and economical take for corporations doing business around the world, particularly includes developing both transitioning countries. The Unite
The Foreign Corrupt Practices Act: An View Insights
WebMay 18, 2024 · Step 1: Wage accrual. Each pay period, pay is calculated based on time cards and salary amounts and then expensed. Wages are debited to increase the expense account, and wages payable is credited ... WebJun 21, 2024 · GST (CGST/SGST/UTGST/IGST) to be calculated on Direct Expenses (Services) being paid through cash or bank, any legal fees, telephone expenses, etc. For example, there is an expense of INR 10,000 and 18% GST (i.e. 9% CGST and 9% SGST/UTGST in case of Intra-State or Intra-Union Territory transaction or 18% IGST in case of Inter-State … red and white fabric stripes
Salary Payable: Definition, Example, Journal Entry, and More
WebMay 18, 2024 · Step 1: Wage accrual. Each pay period, pay is calculated based on time cards and salary amounts and then expensed. Wages are debited to increase the expense … WebAccounts recievable is money that your customers owe you for buying goods press professional on credit. Your accounts receivable consist of total this unpaid invoices or money owed by your customers. Accounts receivable are recorded as somebody asset on your company’s balance sheet. WebIn order to acquire company B, company A paid $20. Hence, goodwill would be $11 ($20 − $9). The journal entry in the books of company A to record the acquisition of company B would be: DR Goodwill $11 DR Accounts Receivable $10 DR Inventory $5 CR Accounts Payable $6 CR Cash $20 red and white event