Answer Posted / anuradha singla

According to three golden rules of accounting:

1.Personal account: Debit the receiver
Credit the giver
2.Real account: Debit what comes in
Credit what goes out
3.Nominal account: Debit all expenses and losses
Credit all incomes and gains

Feature of Master letter of credit of Garments manufacturing company?

1915

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Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

3431

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drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?

1482

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Hi friends ineed finacial analyst interview question Pls share it

2044

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1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?

2077

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let me know the minimum Accounting Heads in an accounting system

4663

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what is the frienge benefits tax?what is usefull?

2075

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I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????

4191

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You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

2109

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Have you worked with other on team endeavors

2011

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A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c

2074

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Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector

1790

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What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

2319

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What is the journal entry for Call and a Put option both in the books of buyer and seller

9875

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While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"

1990

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