Answer Posted / pradeep gunuguntla

The account which deals with persons are called personal
account.

Eg; pradeep A/c , chandu A/c, sreenivasa & co A/c

Formula : Debit the receiver
credit the giver

Personal accounts are 3 types:

1) Natural personal A/c

2) Artificial personal A/c

3) Representative personal A/c

What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?

2228

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Expand---------MDOT

1965

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You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger

3330

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

2073

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What is Spin-off & spilts

1966

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EXPAND______________ICT

1920

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let me know the difference between net cash flow and income

2200

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if jj form not cancelled within 1hour,wat to do

1718

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How can fictitious assets be measured or valued?

2029

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state and explain THREE types of situation to which accounting concept might be applicable

2063

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how Mis reports are used?n why it is used ? explain

1966

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what's accounts payable

12018

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How good are you at Finance?

2062

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How do the standards assist the users of financial report?

2259

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how to do finalisation account ,pls tell me step by step ?

2491

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