The types of accounts that appear on the post-closing trial balance are the permanent accounts, Assets, Liability and Owner's capital. Permanent accounts is also called real accounts.

Purchasing good two kinds of entry 

Either Cash or Credit 

If Cash

Purchase A/c ------ Dr  xx  To Cash A/c

(Being good purchase on cash)

If Credit 

Purchase A/c ---- Dr  To Supplier A/c

(Being goods purchase on Credit)

There is no specific abbreviation for the term WIRE because when the payment is being made using this option, you will not see the physical movement of funds. It is all electronic. It is just like a current passes through Wire. 

Therefore Electronic movement of funds is campared with WIRE.

Software Technology Parks of India (STPI).Some of the software service providers will get exemption from STPI for their software exports. In accounts payable may be we need to define the vendor STPI location wise.

In India we have different STPI location. If one vendor supplying services or materials to all OR some of the STPI locations we need to maintain the same vendor STPI wise.  

The terms Billable and Non-Billable expenses are normally associated with say a consultancy company where they bill consultants out to their clients. Therefore Billable expenses will be paid by the client whereas Non-billable will be paid by your employer. What's included in both is subject to the contract your company has with their client.

EFT-Electronic Funds Transfer is basically batch of payments are transferring from one bank to another bank with specified time lines.  EFT payments are also called as BACS if it is UK, ACH in US for domestic payments.  Foreign payments are called as SWIFT payments.

WIRE: Wire can be used to release payments for local or international, Different countries will be named in different ways viz., CHAPS for Local Payments made in UK, WIRE for all international payments made from UK and Local & foreign payments made in all other countries

MIS report is known as Management Information System... regarding the Manpower status of a particular month, place and overall..

It helps the Management in decision making.. like what are the reasons of resignation.. in which area attrition is high.. and so many things to help in decision making.. with the help of MIS you may prepare a lot of reports.. Like annual attrition.. region wise attrition.. region wise manpower.. graphical representation of regions manpower status.. and so on..

You may prepare the same at your end.As it will help you to prepare other such formats too.

I am describing you the contents with sheet wise..

First Sheet - Details of employee

a. E.Code

b. Name of employee

c. Date of birth          

d. Designation

e. CTC

f. Address for communication

g.Permanent address

h. Contact number

i. Blood group

j. Maximum qualification

k. Extra qualification

l.Total Experience

Second Sheet- Salary structure

In this sheet write down the complete salary structure.. and make a column what is salary after any revision

Third Sheet - New Joinees

In this sheet write down the name of New joinees of that month with detail like CTC,  Designation, DOB etc. 

Forth Sheet - Resigned employees

In this sheet write the name of employees who resigned during that particular month with details like name, designation, date of joining, Date of resignation, last working day.

Fifth sheet - Attrition rate

Based on this MIS report, you may find out the attrition report, Qualification analysis reports, team management reports and so on can prepare a number of reports..

3 way matching is to compare three documents i.e., 

1. Purchase order

2. Receipt of Items/Packing slip 

3. Invoice. 

For example, if we Order for 50 Items in purchase order and received 40 Items only instead of 50 items. But we received invoice for 50 items. After comparing the three documents we pay for only 40 Items..