Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / amit kumar tiwari
In double entry system in every transaction you should
debit one account and credit other account as per
accounting rules.
1. Personal Account
2. Nominal Account
3. Real Account
The basic idea behind one account will increased and the
other one will decrease
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
what is the nature of profit and loss approprition account.which entity prepare this.
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
journal entry for goods withdrawn for personal use
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
what is dmat charges?
Explain me the difference between public and private accounting?
What is the difference in accounting and marketing?
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?
Tell me what is gaap?
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Tell me what is “deposit in transit”?
