Answer Posted / upender. a

Ofcorse it is the rule of Real a/c.
that Debit What comes in & Credit What goes out.

Ex : if u purchased a furniture and paid Cash, then journal entry is:

Furniture A/c.__________ Dr
To Cash Ac.

Here u r getting the furniture (what comes in)
and u r paying the cash. (what goes out)

I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?

1935

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please give the sbi bank clerk exam paper model in last five years?

2226

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Expand---------NMOP

2031

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Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

2052

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what is similarites between tata motors and airtel

2732

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What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

2296

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how to do the finalise of account? what is the step? why we need to do like that?

2057

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Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.

2306

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Expand---------PED

2266

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why should we are preparing BRS

2024

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Expand BEMS

2365

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Weather Entry tax on consumable goods purchased against CST

2132

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What is Risk Assessment?

1943

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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited

1914

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Explain significance of Nastro and Vastro in accounts?

4146

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