a account has debit balence.what is the meaning?
Answer Posted / rama chandran
An account depends on income or assets, the debit side of such account will be profit or income earned. if it is an expense or liability, it is a loss or expense occurred.
Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
what are the payroll procedures?
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
what are the uniform public construction cost accounting act procedures?
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
HOW TO MAINTAIN BANK A/C
What is Home Loan Modification?
what is account & what is finance
Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.
explain the difference between LIFO and FIFO?
what is the meaning of call in arear
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
Expand---------PDCB
Short Answer on _____________Accident Insurance