Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is properties or real accounts?

Answer Posted / ammu

The rules of real accounts are:
Debit :What comes in
Credit:What goes out.
Example entry:
purchased furniture for cash
Entry is :
Furniture a/c..Dr
To cash a/c
Being the furniture purchased for cash)
In this case furniture comes in and cash goes out.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the steps for the payment cycle of the firm or company?

2018


A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.

1986


what is cost center & cost categories in tally

2348


List of Indian accounting standards and international financial reporting standards

1745


How do you add/remove a payment block for particular invoice ?

2187


under which accounting rule prepaid salary?

2209


Explain what does financial statement of the company includes?

1075


what is profit maximisation

2056


What is the difference between accrual

2113


what is an ideal organisation

2259


Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.

2486


1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

2220


Define fair value accounting?

1082


Who is considered the father of accounting?

1217


Is the shadow balance present in bank account always credited or bank may reverse it as well?

1094