a account has debit balence.what is the meaning?
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Answer / rama chandran
An account depends on income or assets, the debit side of such account will be profit or income earned. if it is an expense or liability, it is a loss or expense occurred.
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / p .nagarajagowd
if an account is debit balance there is cash in the bank
| Is This Answer Correct ? | 3 Yes | 8 No |
Answer / rajesh
if an account has debit balance, it is called cash at bank
| Is This Answer Correct ? | 8 Yes | 17 No |
Answer / daniel prince
Debit balance in your account...It means negative balance
| Is This Answer Correct ? | 8 Yes | 21 No |
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Which Accounting Standard deals with infltion? and how?
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
Audit 
