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

What are control ledgers?

1144

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as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...

2232

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Mention whether the account "cash" will be credited or debited when a company pays a bill?

1147

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if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

1971

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Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)

2358

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shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?

2424

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Explain what is balance sheet?

1081

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Accounting for vc money in financials

1139

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Tell me about a situation where you showed determination?

1050

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HOW CAN WE CONVERT IN CFT TO A ROUND LOG??

1863

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WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?

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How is an accounting department structured?

1035

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salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry

1575

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Tell me what is tally accounting?

3921

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SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

2145

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