Answer Posted / manish kumar
Personal account-Debit the receiver
Credit the giver
Real account-----Debit what comes in
credit what goes out
Nominal account----Debit all expences & losses
credit all incomes & gainsv
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
i want to wearies heads under direct expenses and indirect expenses
Is the shadow balance present in bank account always credited or bank may reverse it as well?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
Tell us do you have any idea about service tax or excise?
sir i am working in construction company.we have more than one projects.i enter the attendance projectwise in payroll.if payroll autofill i want project wise salaries not overall
Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax
explain me what steps would you take to increase revenue for this company?
How to prepare HSD statements in tally
What is the objective of the balance sheet?
If the company acquires equipment prior to incorporation what are the accounting entries?
Which accounting application you prefer most and why?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.