Answer Posted / mohd bilal

debit purchase means that we purchase it or the goods are coming in. as we know that goods are assets we need to debit it.remember wheather the transaction is for cash bank credit always purchase account shows debit balance.

Capital secure should be shown in which side of the balance sheet?

2330

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how will rectify the error in trial balance.

1945

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Mention what does the investment of personal assets by the owner will do?

1129

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what are the different methods of teaching share and debenture to pre degree students

1917

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Explain me do you think accounting standards are mandatory and why?

1094

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SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

2129

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What is the master account?

995

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what is bank aceleted?

2045

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what type account are below Debentures Bank overdraft

1847

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In accounting equation what is the treatment of investment in shares??

1476

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if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me

1806

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pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

1975

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salary and rent entry with tds deduct

1690

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What is aggregate Liabilities ?

2303

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Apportionment of expenses

2207

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