Answer Posted / narayan dey

bank charges a/c dr 100
to bank a/c 100
(being the amount reduce by bank)

It comes under Nominal A/C

Cash A/c dr
to bank A/c
(being the amount received from bank)

Accounting transactions are recorded in accordance with thier legal form or substance. Briefly explain the legal form and substance of the accounting transactions and give one relevant example.

2298

---

Tell us what is icai?

1129

---

How to group the companies in tally?

2097

---

Tell me entries to revenues accounts such as service revenues are usually?

3807

---

What is the double entry system explain its rules with examples?

1157

---

I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan

2073

---

Do you know overhead in terms of accounting?

1146

---

Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

2089

---

WHERE WE CAN USE VAT 5%,14.5%

2639

---

what is cost unit n what is cost sheet?

2252

---

How create the invoices?

2045

---

How many invoices on average do you handle on a weekly/monthly basis?

1305

---

Is the shadow balance present in bank account always credited or bank may reverse it as well?

1156

---

how calculate intrest on advance tax ? and penalty on vat?

2112

---

i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?

1777

---