what is come first debit or credit? means in the bussiness
debit comes first or credit
Answers were Sorted based on User's Feedback
Answer / suman bhoi
I think it may be CREDIT as the
capital introduced first then it
become asset of company.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / younis
Both debit and credit as capital is introduced credit is given to capital ac and at the same time cash or some other asset comes in so debit what comes in
| Is This Answer Correct ? | 0 Yes | 0 No |
What are the differences between accounting and auditing?
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
Bank charges rs.100 debit/credit only in brs, where u can Posted entry,add or less in as per cash book/passbook
How would you encourage team building unit for effeciency in the office?
rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.
What is GR form why we use it and what is the step of GR FORM by various department as some little knoledge of me it is used by custom for wher the FERA is applicate. But I dont now where FERA is applicatble thanks
What are depreciation and amortization?
journelising the following? dpereciation of plant & machinery rs 30000/- interest accrued but not received Rs 15000/- prepaid insurance Rs 10000/- drawings of cash Rs 5000/- withdrew goods for personnel use Rs 2000/- what is cost centre? How do you verify the correctness of material control system? How many directors are required at a minium for Private ltd and public ltd companies? How do you compute the following ratios? current ratio net profit ratio gross profit ratio debt service coverage ratio sales turnover ratio
Sums on Finalization of Accounts give exaple?
When Tds is applicable to deduct and wht is rate for different work panel?
what are Accounting Documents and Book of Accounting
I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?