wt is a/c
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Answer / venkat
a/c is combination of debit and crdit items.It contains
both cash/credit transations.
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Answer / guest
A record of financial transactions for an asset or
individual, such as at a bank, brokerage, credit card
company, or retail store.
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Answer / ramya
Account is where the transaction has to take place such as
variable in liablities and assests, input of cash and out
of cash thais how much debit and credit has take place
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Why is Interest A/c debited and Bank a/c credited when interest is charged by the bank?? Here I assume Its an expenses so interest is debited but I don't understand why bank is credited?? Bank is a personal account. Please explain this doubt?
what is come first debit or credit? means in the bussiness debit comes first or credit
What is Use of Reversing Journal(F10)& Optional Voucher(Ctrl+L) in Tally erp9?
Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?
6, state with reasons wheather the following items are capital expenditure or revenue expenditure i, A factory building was constructed at a cost rs 1500000 a sum of rs 64000 were incurred for the construction of huts for storing building materials ii, rs 5000 paid for removal of stock to a new site iii, expenses incurred in connection with obtaining a license to start the business were rs 15000
what is Debit?
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We had purchased 100 Electrodes @ Rs 20/- Each. After a year we found 2 Electrodes is missing by physical Count. My Question is what journal entry should we passed against missing of 2 electrodes.
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
What is the difference between depreciation and amortization?
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