Interested to Buy Any Domain ? << Click Here >> for more details...
What are the golder rules of Accounts ?
- 35 Answers
- 88222 Views
- Abhipra, Accenture, Bajaj Allianz, Blue Star, Genpact, HP, IBM, TCS, Wipro, I also Faced
- E-Mail Answers
Answer Posted / great
In accounting you allways debit what comes to you and
credit what goes out.
1. credit all expenses and debit all incomes.
2.Debit the acquisition of all properties and credit the
selling of all properties.
3.Debit the giver and credit the receiver.
| Is This Answer Correct ? | 9 Yes | 7 No |
Post New Answer View All Answers
fd redeem interest and principal entry in tally
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
EXPAND______________ICT
why are you selecting for the controlling area same company code?
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
What are the general Ledgers?
Define capital
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
what is article of association? what is memorandum of association?
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
EXPAND______________ICC
what is absorbtion coasting?
What is dematerialisation and its benefits?
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
