In business sometimes it is require to sale your fixed assets. Inexperienced accountants face problem in recording such transaction. Sale of assets should be passed through a journal voucher and profit/loss on such sale should be transferred to related assets accounts. You should also pass a depreciation in accordance with your local laws and business practice.Learn with example how to pass journal entry for fixed asset sales
What is bad debt and how it is accounted in the books account. how it affects financial of the company. this post will help you how to make journal entry for such bad and doubtful debts
A journal entry is very important in preparation of books of account and finalization of financial statements. all pre paid expenses must be transfer to prepaid expenses account to ascertain correct profit of the company during a year. learn how to pass a prepaid journal entry
Learn how to do journal entry for salary payable, employee and employer provident contribution, provident fund payable along with calculation of EDLI and other PF administration fees etc
How debit and credit notes are dealt with in accounts. when you need to issue a debit note and a credit note and how you will account the same in books of account
learn how to pass journal entries in tally.erp 9. Journal in tally.erp 9 consist debit and credit notes.F7 is used in tally.erp 9 for passing journal entries.