Answer Posted / chhaya chouhan

There are 3 types of accounts:
1.Personal a/c
2.Real a/c
3.Nominal a/c

Rules for these accounts are as follows:
1.For Personal a/c:
Debit: The reciever
Credit:The Giver

2.For Real a/c:
Debit: What comes in
Credit:What goes out

3.For Nominal a/c:
Debit: All expenses and losses
Credit:All incomes and gains...

These are the most important and in other words the golden
rules of accounts...

how to mention last year profit of ay private limited company in current year balance sheet ?

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is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me

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what is a reducing balance method and depreciation fund investment method and 2 diffrences?

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What type of questions in accouting point of respect they ask genrally plz help me find out this.

1978

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what is ment by master in tally?

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

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Expand ________FIPB

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Assets are held in the Business for the purpose of____________________

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Short Answer on _________Commerce

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cash sales and credit sales both are asset or liability?

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We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............

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wages posted twice what is the entry for that?

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distinguish between Bill of Exchange and Promissory Note

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Is WCT paid to be considered as overhead during costing in construction firm?

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tell me about roll model as father

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