Golden rules of accounting
Answer Posted / mayur maharaj
personal a/c dr. the receiver cr the giver real a/c dr
whats comes in cr whats goes out
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited
what is controlership?
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.
business sepsarate entity concepts
can i have practical examples of AS-30
how can i make transaction related to inflation account in sap ?
What is the accounting treatment for finance lease in lessee's viewpoint?
How to enter PO in SAP
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
explain Dual entry concept
Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
What is meant by Revenue Loss