What is the significance of Journal entry
- 2 Answers
- 4058 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kamal
Since we are accounting in double entry system. our assets
equals to liabilities. There is two side of Journal entry
one is dr & other is cr.and accounting is done on three
basis rule.
Personal A/c Dr the receiver & Cr the giver
Nominal A/c debit all expenses & loses & credit all income
& gains
Real A/c Dr what comes in, Cr what goes out.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / amit chaudhary
Journal Entry has a major one significance in Accounting.
Journal entries are basically used to classify two parties
or Dr and Cr. on the occassion of Transaction.
| Is This Answer Correct ? | 0 Yes | 1 No |
what is shudle six balancesheet
please tell me that fictitious account is what type of account i.e real,nominal or personal account??
why is TDS treated as an asset while preparing Balance sheet.
When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions.
Which Accounting Standard deals with infltion? and how?
What is C form? In C form 'C' means what
What is the method to set the Credit limit for Customers in Business?
if jj form not cancelled within 1hour,wat to do
is it necessasary to make a partnership deed
What is Working Capital Management ? Give the formula for it
What are the major responsibility's of an accountant? what are the qualities he /she requires?
What is maximum limit of cash payment per day by a company?
Audit 
