Answer Posted / ravi

THERE ARE THREE TYPES OF ACCOUNT:-
1.PERSONAL ACCOUNT:-IN THIS ACCOUNT THE DEBIT(DR)IS
RECIEVER AND CREDIT(CR) IS GIVER
AND THE OWNWR IS CALLED CAPITAL
FOR EX.
QUS- ROHAN HAS DEPOSITED OF Rs.1,000.00 INTO BANK 1 JAN
2011 IN PNB?
ANS- RULES IS PERSONAL ACCOUNT
DATA ENTRY-
BANK A/C 1,000.00
TO ROHAN 1,000.00
2. REAL ACCOUNT-IN THIS ACCOUNT WE SEE THAT WHATS COMES
INTO AND WHATS GOING ONTO FOR ANY PERPOSE (Ex.
BUSINESS,LAND,BUILDING,ETC)
FOR EX.
QUS-RAM HAS DEPOSET Rs.50,000.00 ON 10 SEP 2010 FOR
BUSINESS?
ANS-RULES IS RAEL ACCOUNT (BECAUSE USE NOT FOR PERSONAL )
DATA ENTRY-
BANK A/C 50,000.00
TO RAM`S A/C 50,000,00
3.NOMINAL ACCOUNT-IN THIS ACCOUNT DEBIT IS ALL EXPENSESS
AND LOSSES AND CREDIT IS ALL GAIN,PROFIT(ALSO DISCOUNT)
(ALL RENT BILL COMITION PROFIT)

QUS-RAMESH HAS MADE FEW EXPEND RENT,ELECTRIC BILL AND
COMISSION Rs. 10,000.00,4,500.00 AND 2,500 RESPECTIVELY AS
ON DATE 15 MARCH 2011?
ANS-RULES IS NOMINAL; ACCOUNT
DATA ENTRY-
RENT A/C 10,000
EL. BILL A/C 4,500
COMMI. 2,500
TO CASH 17,000.00

how we will prepare n file income tax returns for individuals?explain

2183

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Interest earned on investments is an__________

2126

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1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?

2233

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Clasify Loss

2096

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what are the models of valuation of the company

1977

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What is Split And buy-back?

2695

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EXPAND___________NBW

1890

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what is contigent liabilities? whats it status in balance sheet?

2222

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Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

2263

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Expand---------PDCB

1989

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differences between liabilities and assessts

4320

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what is balancesheet adjustment a/c. what is the use of this a/c in sap fico

2559

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what are the certificates needed at the time of SBI clerical interview?

2129

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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

4243

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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

1918

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