Answer / kavita

There are three rules of accounting:

1. Real Account

In Real Account Debit What comes in,
Credit What Goes Out.

2. Personal Account

Debit The receiver
Credit The Giver

3. Nominal Accounts

Dr. All exp. and losses
Cr. All incomes and gains

Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?

0 Answers  

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We had purchased 100 Electrodes @ Rs 20/- Each. After a year we found 2 Electrodes is missing by physical Count. My Question is what journal entry should we passed against missing of 2 electrodes.

3 Answers   IBM,

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what is book building

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2- What is the difference between cash book and journals?

1 Answers   SEFL,

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What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?

0 Answers   Faber Castell,

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What is the basic accounting equation?

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what is the journal entry of payment received after deducting tds?

4 Answers  

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what is the nature of expenses of a donation

1 Answers  

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If vendor is deducting TDS amt while paying, how to pass entry inbooks. Will it be TDS recoverable/TDS payable a/c. kindly clarify

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what is mean by DDU SHIPMENT AND DDP SHIPMENT

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our company given party to employees. this expenditure which account head booked ? please tell me

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How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power

0 Answers   State Bank Of India SBI,

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