Answer Posted / nareshchowdary

once upon time used single entry systems. Now a days using
double accountnig system.
single entry means only cash iteams.
Ex:-Purchase A/c DR
To Cash
Double entry means Both Cash & Credit.
Ex:-Purchase A/c DR
To xxx
(Being Credit base)

Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

1055

---

What do you mean Business

2248

---

What is the quality of the accountant & rights ? hansika.kk@gmail.com

3010

---

Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

2063

---

what is data entry? what is report generation ?in accounting how it is used .

2255

---

income from depreciated asset is profit or loss?

1480

---

What is the Branch Accountant Responsbilities ?

3590

---

please explain the uses of internate protocol address(ip add)?

2220

---

what is Functional Specification in SAP FICO?

1017

---

define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09

2160

---

Expand---------PDCB

1983

---

i have completed my MBA with finace background. am intrested to learn oracle finace.can you suggest me which are good instittues in hyderabad.at area wise.

2314

---

what is mixed invoice, prepaid invoice,quick invoice,podefault invoice,withholding tax invoice,please explain me in detail?

2333

---

Expand ________FIPB

2113

---

What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times

2524

---