Answer / rakesh

Double entry system is very important stage in the
accounting according to the double entry system for every
debit there should corresponding credit it means that debit
must be equal to credit.

Answer / badri narayan

Double entry system, it is self exclamatory. In simple
irrespective nature of a transaction, must have double
effect. That means for debit transaction there must be a
credit transaction.
For instance if written off depreciation from your fixed
asset. The transaction will be like this- deduct the
depreciation value from the Fixed Asset(one transaction)and
as it an expense you need to show it in profit or loss
account(second transaction).This is called double entry
system.
-

Answer / dawood mamedoff

For more detailed and simplified illustration of how double
entry accounting works I'd recommend the below article:

http://www.myhowtoos.com/en/at-work-howtoos/80-understanding-accounting-basics

Answer / vamsi krishna

Double-entry accounting is a method of record-keeping that lets you track just where your money comes from and where it goes. Using double-entry means that money is never gained nor lost---it is always transferred from somewhere (a source account) to somewhere else (a destination account).
The main concept to remember, regardless of terminology, is that all transactions involve a transfer of some amount of money from a source to a destination.

which of the following types of risks assumes an absence of compensating controls in the area being reviewed?

1 Answers  

---

Explain intangible assets?

0 Answers  

---

What is difference between provisional and projected balance sheet of the company??

2 Answers   Genpact, TCS,

---

what is the bank reconcilation

3 Answers   Garuda, MRMS,

---

What techniques used during an audit?

0 Answers  

---

What do you think you will be doing in your first year with us?

0 Answers   Ernst Young,

---

what is the marks of section officer interview

1 Answers   SSC,

---

We are non excise registration Manufacturer want export to dubai & material received from excise registration manufacturer they are mention excise duty on my bill but we are not getting modvat because of non registration then what we will do that they are not liable to me excise duty on bill

1 Answers  

---

under wchic head will Goodwill come

3 Answers  

---

1.is tds compulsory for commission paid on sales.2.if tds return for is submited for the interest paid on unsecured loans,what should be done.

2 Answers  

---

what is inventory and how can manage the inventory. what is ledger and what difference in inventory and ledger.

4 Answers   HCL, TATA,

---

Discuss the factors to be considered by the auditor in order to determine an audit strategy.

0 Answers  

---