any example should cover all three types of accounts in one
entry
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cash paid to Ravi on discount?
Dr cr
(pesonal a/c) Ravi a/c......Dr xxxx
(real a/c) To cash a/c xxxx
(Nominal a/c) To discount a/c xxx
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / kunal turi
cash paid to PARTY on discount?
Dr cr
(pesonal a/c) PARTY a/c......Dr xxxx
(real a/c) To cash a/c xxxx
(Nominal a/c) To discount a/c xxx
| Is This Answer Correct ? | 2 Yes | 0 No |
Scope and nature of Accounting
Explain accounting 101?
purchase return liability or asset?should it be included in the balanced sheet?
Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm
what are the disadvantages of back-flush accounting?
what is single entry system
Furniture is Destroyed in Fire ?? Where it will effect in Balance sheet ??
deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason
claim of workers pf esic contribution as expenditure in profi & loss a/c under head manufacturing or Administrative exp ?
9. Fixed Cost assumed to be $ 2,700. Variable Cost is $ 70 per unit. Selling Price is $ 100 per unit. What would be the Breakeven Point in Units?
Whether Goods receipt is an Asset or liability?
Tell us what is a cpa?