what is the meaning of double entry system & Double entry
system?
Answer Posted / sk arun kumar
Double entry book keeping system is the dual aspect of
entering the transactions on both the sides-i.e. the amount
of a business transaction is entered on both the sides i.e.
on the debit and also on the credit side of an account.
| Is This Answer Correct ? | 23 Yes | 3 No |
Post New Answer View All Answers
What is COVER payment?
Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.
I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
what is the difference between Assets Allocation & Security selection?
What is 100% EOu? what is the benifit and what is difficulty of it?
EXPAND___________NAC
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
DEfine SAP
Short Answer on ___________Cash Profit
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim