Interested to Buy Any Domain ? << Click Here >> for more details...
definition of Accounts
types of accounts
debit and credit definition
debit and credit rules
accounting rules
- 1 Answers
- 4637 Views
- I also Faced
- E-Mail Answers
Answer Posted / sumitra.raghavan
accounts is a statement containing summarised record of
transactions held in relation to
assets,liab.debtors,creditors,expenses or income
accounts consist of two side debit and credit...
debit is derived from latin word debitum which means to
owe...it is found in the left hand side of account.credit is
derived from credere whcih means to be oneself.it is shown in
righthand side of accounts
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Tell us do you have any idea about service tax or excise?
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
Journalise- opened a saving a/c with S.B.I. ?
audit under section and penalty under saction scurtiny under saction
List out things that fall under intangible asset?
WHY U HAVE CHOOSE ICWA WHY NOT CA
Anti Takeover policies
if you are a hard working nature conclude your self?
what is the last date of deposit TDS on liability for the assessment year 2010-11
what are the direct expense of loan department in banks.
If a transaction was missed completly how do you find it?
Into which account do we close the revaluation account balance during the winding up of a company?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
Explain what is double-entry accounting? Explain with an example?
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
