Answer Posted / 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.
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which type audit for your company account

2236

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while calculating drawing power for the purpose of cc limit ,while deducting creditors from stock whether to consider debit balance of creditors ,in total of creditors' credit balance ?

1833

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Why a company or firm should carry out the audit related work.

2841

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whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.

2305

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What are the importance of internal audit to the organization?

1112

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why auditors are not true and faire statement of account

2268

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What sort of image do you have?

1942

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THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT

2070

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What should the internal auditor?

983

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central exices

2290

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what audit procedure i can do in the share capital account of a company and why it have been apply?

4166

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how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)

3487

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How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?

2486

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hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?

2256

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what percent of wages calculate from sales of a firm (registered under manufacturing of machinery spares) sales (appr)- RS.10000000/-

1947

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