Answer Posted / pankaj sharma
PERSONAL ACCOUNT:
debit the receiver
credit the giver
Nominal account
---------------
debit all expenses and losses
credit all incomes and gains
REAL ACCOUNT:
Debit what come In and Credit What Goes Out
Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
sir i want aao lic exam model question paper
what is rate of service tax and form no. of service tax ? wt rules of service tax a particuler once .?
Treatment of Government grant and its utilization in P
Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method
In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain
why your choseing bank of america
How often is the stock market ticker updated? 15sec? 30sec?
How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?
what is meant by search report of the company n why is it prepared?
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?
analyses of Cost control
MY QUESTION IS THAT IS WHEY WE SELL THE UPS IN THE MARKET BUY FROM THE IMPORT WHAT THE DUTY WE WILL FORWARD TO THEM.
Information regarding shop & establishment registration of propiertor ship & require document for this
how to solve the problem of sechdule date problem in sap proframme.