general entry for credit purchases, credit sales, golden
rules of accounting,what is contribution.
Answer Posted / somasekahar
purchases A/C -dr
To supplier A/C
DebtorA/c-dr
to sales a/c
personal a/c-debit the receiver,credit the giver
real account -debit what comes in,credit what goes out
nominal account-debit all expenses,credit all gains and
incomes
Is This Answer Correct ? | 71 Yes | 8 No |
Post New Answer View All Answers
how will decide that vender payment is ok without reco
What is the provision?
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
what is t code of journal voucher report with amount?
What is the difference between deferred revenue and accrued revenue?
Tell us in balance sheet, where do you show tds?
record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
Explain the accounts payable cycle
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
Do you know what is balance sheet?
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
What is an operative accounts?
what is account reconcillation
Explain the Invoice verification process