Answer Posted / kishanlal mayaram kori

In case of Personal Account
like Vijay's, Kishan's
bank accounts etc.
1. Debit to receiver
Credit to giver

In case of Real account
like Machinery, Goodwill,
etc accounts
2. Debit what comes in
Credit what goes out

In case of Nominal account
like Profit or loss,
Expenses or gain..
3. Debit All Exp /Loss
Credit Income/Gain

Note : Above three are the
basic rules of Accounting.

what's accounts payable

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Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts

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Which Exchange determine Foreign ?

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bank exam paper

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Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?

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When is a dedit note raised When is an expense booked

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would gross expenditure vouch the correctness or otherwise of the given expenses?

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IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT

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