Salry pai dto Sharma debited to Sharma account is it
correct.If not correct rectify it
Answer Posted / kannanslm
Salary is a nominal accounts, you have to follow the third rule
Debit all expenses and loses and credit all incomes and gains
sharma Salary a/c Dr
To Cash a/c Cr
Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Explain about Fixed capital
Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
how to prepare HSD statements in tally
How to increase our credit rating score quickly?
company accounts introduction?
What is the due date for filing monthly & annual sales tax returns in karanataka
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
Expand--------CMTS
what type of questions are asking for fund administration???
Expand--------SRTA
cany anyone explaing what are the functions of an Account Officer/Manager?
can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com
what is CDD’s configuration
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever