why the net profit arises on the debit side of profit and loss account wen the nominal acount rule states debit all expenses and losses and credit all incomes and gains

1 Answers  

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What is the Meaning of E.& O.E ?

4 Answers  

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ram is withdrawn goods for personal use(sales price RS.600,Cost Price Rs.500) how to pass entry

4 Answers  

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Different types of payment methods

1 Answers   Accenture,

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what is the difference between depreciation in account books and depreciation as per income tax act

2 Answers  

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if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.

0 Answers  

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our cheque to Arshad Khan was dishonored?

0 Answers  

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what is Cost of Goods Sold give example?

3 Answers   EDS,

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What is the meaing of holding Holding company?Give one example?

3 Answers   Capital IQ,

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What is fair value accounting definition?

0 Answers  

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Can TDS(Tax Deducted at source) expense be called Selling General and Administrative expense in Profit and loss statement,Or should it be included under head Provision for Taxation

1 Answers  

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What is NEFT? and its Limit(if any)

4 Answers   Amit Enterprises,

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