Interested to Buy Any Domain ? << Click Here >> for more details...
general entry for credit purchases, credit sales, golden
rules of accounting,what is contribution.
- 11 Answers
- 23894 Views
- Genpact, LG, I also Faced
- E-Mail Answers
Answer Posted / naresh
personal a/c-debit the receiver,credit goes out
real account -debit what comes in,credit what goes out
nominal account-debit all expenses,credit all gains and
incomes
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
can we change date in tally.erp s/w in educational mode ?
What is a ledger in regards to accounting?
Tell me different branches of accounting?
Which kind of transactions are not recorded in the books of account?
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?
what is subscription order
What is the provision? What is the entry for provision?
Tell me what is reversing journal entries?
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
Define fair value accounting?
What is an operative accounts?
Spinoff,Spelloff
what is miscellaneous expenditure??
