Answer / ratnesh shukla

in the fileds of accounting all the transaction take place
during the 1st day of month and ending the 30th or 31st
last day of the month accounts are closing and posting them
to their revelent or respective account.
for e.g.like petty cash expness day to day expness are
maintained and at the end of the month balance are positng
to cash account.

whether it is purchase day book or sales book or purchase
return book or sales return book peridically or monthly
posting to respective account.

Beginning Return earning in 2008 differ from that of audited report2007 is 3,00$. could you recomment the adjustment entry? Particualry, I do not sure where to put on debit side. debit??? credit Return earning:3,490$.

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depreciation rate for computer software

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Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account

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Do you know what are the reasons for getting audited?

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What is the most important part of your job ?

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for how much loan a borrower has to submit QIS

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what should we do in case of a Partnership wen the Partners capital account has debit balance???

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