Answer Posted / megharaaj

1) PERSONAL ACCOUNT
DEBIT THE RECEIVER (S.Creditor, Party)
CREDIT THE GIVER (Cash or Bank)

2) REAL ACCOUNT
DEBIT WHAT COMES IN - (Cash/Cheque, Purchases, Receipts)
CREDIT WHAT GOES OUT - (Payments, Cash/Cheque, Sales)

3) NOMINAL ACCOUNT
DEBIT ALL EXPENSE AND LOSS -(Salary,commission,rent,etc)
CREDIT ALL INCOME AND GAINS - (Interest recieved,
commission received, royalty received, etc)

Tell me the types of accounts involved in double entry book-keeping?

832

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Explain a time when you have not met your goal?

836

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what is opening stock formula?

1202

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under which ledger should i make opening work in progess and closing work in progress

1803

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{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?

2015

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Define tally accounting

760

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Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90

2258

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Under Accrual Accounting, How Are Worker Comp Premiums Handled?

852

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difition of reserve & surplus

1972

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Define push down accounting?

775

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What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.

3014

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is goods in transit will be liable for entry tax ?

1427

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What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?

1862

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How to post salary advance transfer from one branch to another branch ?

1213

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How many types of business transactions are there in accounting?

840

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