Answer Posted / prabakaran

PERSONAL A/C : debit the receiver
credit the giver

Nominal A/C :debit the all expenses and losses
credit the all income and gain

REAL A/C : debit what comes in
credit what goes out

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2209

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Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

1885

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How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?

2202

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What is the meaning of Debt reconciliation and how to do debt reconciliation?

2462

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does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP

2206

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Distinguish between sale and consignment

2009

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difference between contra entry and double entry?

3109

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can i have practical examples of AS-30

2434

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How goodwill is accounted for the first time in a company .

2075

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which kind of expenses or Income will come under direct expenses or Income ?

2085

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What is account

2228

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I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.

2080

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hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc

2109

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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited

1928

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What is outsider equity and time interest period ratio?

1932

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