Interested to Buy Any Domain ? << Click Here >> for more details...
What are the accounting principles or concepts.Expalin briefly.
- 6 Answers
- 15159 Views
- Capital IQ, Genpact, Hyundai, I also Faced
- E-Mail Answers
Answer Posted / s.v.ramana
1.Personal Accounts:
Debit the receiver, Credit the giver
eg. Rama a/c, SBI a/c, Shri & Co, a/c
2.Real Accounts (Assets Account):
Debit what comes in, Credit what goes out
eg. Furniture, Machinery etc.
3.Nominal Accounts :
Expences & losess should be Debit, Profits & Gains should
be Credit
eg. Rent a/c, Interest Received
| Is This Answer Correct ? | 38 Yes | 13 No |
Post New Answer View All Answers
i am called for interview but im getting confused wt sort of questions i wd have to face,its a bank job and post is cash ofiicer please help me.
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
What is written off?
What are the accounting conventions and Practices?
What are events occuring after the balancesheet date?
How do we return the loan in equal installments with interest in tally
distinguish between price rate and time rate?
Process of the settlement cycle?
When we are raised a interstate invoice then which type invoice we are raised
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
All Accounting Question Related Send Me ..
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
What is meant by Revenue Loss
what about case study
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
