Answer Posted / akash daule

There are 2 types of account
1. Personal account
2. Impersonal account
Real and nominal account are the type of impersonal account

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

1926

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who invented acounts?

1866

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what is the subprime?explain it.

2263

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Distinguish capital and revenue expenditure

2115

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WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

2136

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If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.

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what would you contribute for bhels growth

2057

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Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

2058

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i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise

2378

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How shall I calculate the true profit of my business, as I am a layman for accounting.

2056

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hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com

2348

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who is the pramotar?

1976

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tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?

4819

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if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?

1882

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Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000

1736

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