Answer Posted / vinay kumar
Account is a summerised statement of debit and credit.There
are two parts for every account.The left hand side of the
part is called "debit side" and the right hand side of the
part is known as "credit side".
Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
What are the 5 basic accounting principles?
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
Explain financial accounting. What are its characteristic features?
Do you know company's payable cycle?
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
informance about performance is disclosed by
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
What is the basic accounting equation?
Who owns the general ledger?
Tell me what a deferred asset is and give an example?
salary payable deduct tds entry
WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?
Explain me what is general ledger account?
what is the due date of 28th feb
What is meant by turnover?