BAD DEBTS | Bankrupt

BAD DEBTS | Bankrupt | Petty Cash

Bad Debts:

These amounts are those amount which have to never receipt from the creditor companies.

Bad Debts Recover:

These amounts are those amount which have to receipt few percent of the total amount from the creditor companies.

Bankrupt:

A person or a company who has to lost an image or value from the market.

~~full-width~~

Petty Cash:

It is used to maintain all expenses & all miscellaneous expenses.

Comments

INCOME | CREDITOR | DEBTOR

INCOME These income are those income which have to receive for selling goods and services. Type of income: Direct Income These income are those income which have to receive to supplier for direct selling to cash. For example Sales for cash Assets for cash Service for cash, etc. Indirect Income These income are those income which have to receive indirectly. For example Discount receive Interest receive Commission Bonus Gift, etc. full-width Creditor: A person who takes the cash and gives the goods. Debtor: A person who gives the cash and receive the goods.

LIABILITY | EXPENSE

LIABILITY: These liability are those liability which have to pay by the proprietor for long time or sort time. Liability are two type: Current Liability These liability are those liability which have to pay by the proprietor for soft term to own business out sides investors, shares holders, soft term loan or creditors, etc. Fixed Liability These liability are those liability which have to pay by the proprietor for long term to own business, partners, debenture or long term loan. EXPENSE: These expenses are those expenses which have to spend by the proprietor for business activities. These are two type: Direct expenses: These expenses are those expenses which have to spend by the proprietor directly. For examples: Carriage - in & out word Fright Transport Tax Fuel Wages Posts and stamp Rent, etc. Indirect expenses These expenses are those expenses which have to spend by the proprietor indirectly for business purpose. For examples: full-width Advertisement Books & Stati...

Tally & Tally.ERP9

TALLY T ally is a complete accounting package. It is used to maintain the all transaction as an account. In tally we can maintain all daily transactions as a sales account and purchase account. By the help of Tally we can create many accounts. In which include income & expenses account, profit & loss account, trading & non-trading account. We can also create trial balance or balance sheet. VERSION OF TALLY: 1. Tally 4.5 2. Tally 5.4 3. Tally 6.3 4. Tally 7.2 5. Tally 8.1 6. Tally 9.0 7. Tally ERP9 TYPE OF MODE: 1. Educational mode. 2. Professional mode. TYPE OF TALLY: 1. Tally Silver (Single user) 2. Tally Gold (Multi user) MASTER KEY: 1. Enter Ke...

Creator Plus✍️✍️

Search This Blog