Answer / guest

Personal a/c: Debit the receiver
Credit the giver
Real a/c
Debit what comes in
Credit what goes out
Nominal a/c: Debit all expenses and losses
Credit all gains and incomes

Answer / madhulika

The rules and guidelines that companies must follow when reporting financial data.

Answer / madhavi

PERSONAL ACCOUNT:
DR THE RECEIVER
CR THE GIVER
REAL AC:
DR WHAT COMES IN
CR WHAT GOES OUT
NOMINAL
DR ALL THE EXPENSES AND LOSSES
CR ALL THE INCOMES AND GAINS

Answer / sandeep

PERSONAL ACCOUNT:
DR. THE RECEIVER
CR. THE GIVER
REAL AC:
DR. WHAT COMES IN
CR. WHAT GOES OUT
NOMINAL
DR. ALL THE EXPENSES AND LOSSES
CR. ALL THE INCOMES AND GAINS

"money left on the table," what it means???

5 Answers   SMC,

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What is a bank account balance?

1 Answers   Accounting, ICICI,

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Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.

0 Answers  

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Vendor A/c Dr To Purchases A/c Cr In an entry what "TO"(Near Purchase) means or stands for or used for or from which accounting angle we have to use.

4 Answers  

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Suppose A company is giving salary to its employees on 10th of every month. So on which date the salary payable entry will be passed/due also tell what will be the general entry for salary payable

3 Answers   Enrich, Wells Fargo,

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Pls.tell me related purchase orders.

1 Answers   ABC,

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what are the diffrances between rules of accounting & principal of account?

2 Answers  

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what is account opening and account closing??

10 Answers   Royal Bank Of Scotland,

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Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

2 Answers  

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Rent outstanding:2500

1 Answers  

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WHAT IS THE ENTRY IN 31 MARCH OR 1ST APRIL FOR PROVISSION FOR SALARY

1 Answers  

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Explain miscellaneous expenditures & profit and loss account debit balance

0 Answers  

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