What is lemma
Question
Accounts Tax GST
April 5, 2020, 6:09 p.m.
Answer
In Prepaid Expenses
Expenses a/c Dr
Prepaid expenses a/c Dr
to Party a/c
After this next Entry is
Party a/c Dr
to Bank a/c. in this entry why it will shown for Bank A/c in that place it will shown for Cash know, when Party given through cheque or transferring from mobile banking means then it will show for Bank a/c ?
Expenses a/c Dr
Prepaid expenses a/c Dr
to Party a/c
After this next Entry is
Party a/c Dr
to Bank a/c. in this entry why it will shown for Bank A/c in that place it will shown for Cash know, when Party given through cheque or transferring from mobile banking means then it will show for Bank a/c ?
If I am manufacturer , i am purchasing a good with GST.so when I am preparing bill I should consider my purchase good price with GST or without GST
Maths
April 5, 2020, 10:38 a.m.
Answer
A shopkeeper earns a profit of Re1 by selling one pen and incurse a loss of 40 paise per pencil while selling price of her Stoke in particular months she incurse a loss of Rs 5 .In a month she earn neither profit or loss .If she sold 70 pens how many pencil did she earn.
