Accounting

The calculating balancing allowance, balancing charge and capital gain the terms are most import to know every commerce background student. A balancing allowance is a type of capital allowance which can be given under several of the allowance codes when an asset is disposed of or the business comes to …

ITP (Income Tax Practitioner) Exam Question and Suggestion is most important to every student who are attained in ITP examination. Today I like to share with you about basic question of Accounting, Bangla & English of ITP examination. The Accounting, Bangla & English question are bellow- Accounting- i)                   Definition of …

Bills of Exchange (BOE) Payment Realized Procedure is common process against letter of credit (LC). Bills of Exchange is a documentary acceptance payment method. We know every company recovery his credit by the process. Bill of Exchange is a trust worthy transaction to buyer and seller. Letter of Credit Below …

Accounting Treatment of Export LC is given form Buyers. Its very important to how will you enter the entry in our software/general ledger/manually. If you are responsible to maintain the RMG accounts. So obviously have to maintain to proper Accounting treatment the Export LC is given form buyer. Example: Date- 01/01/2016 …

Advance Payment to Supplier With VAT & Tax Accounting Journal Entries is the best way to maintain the creditors account. The entry now is to debit the Advance to supplier account which is under current assets & credit the account by the name of supplier, close the Advances to supplier …