Answer / kumar

Because, in double entry systme each debit will have
credit, at the same time each credit will have debit.
Balance sheet is a result of these entries. So, it should
always tally.

Answer / kasthuri

Every asset we are purchasing, there must be some source.
Sources are therefore equal to funds used.
The asset purchased is from some or othere source,nothing
but capital.
Therefore assets are equal to liabilitiess.
It's just like expenses are equal to incomes, ofcourse
without savings.

Answer / pavanraj.d

According to accounting principles assets = capital +
Liabilities. Hence the balance sheet should tally as the
liabilities and capital will be recorded in left-hand side
and assets will be right hand side.

Give me total Details of payroll calculation, payslip with examples.

0 Answers  

---

• What is BRS, with an example?

7 Answers   Accenture, College School Exams Tests, Genpact, Intelenet, Mellon,

---

calls in arrears come under which group in tally?

1 Answers  

---

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 Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt.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.

0 Answers  

---

What is the difference between tds and withholding tax??(new)

3 Answers   HP, IBM,

---

---

what is debit note entry ?

4 Answers  

---

Expand----------MCT

2 Answers  

---

what is Rectification of Errors ?

0 Answers   EDS,

---

Queries for Big4 Articleship : Stipend and tenure of articleship period. Any leave period for preparation for exams.

8 Answers   Genpact,

---

How will be prepare BRS in tally, please tell me step by step.

15 Answers  

---

The primary record of a credit purchase of a fixed asset is made in---------

2 Answers  

---

EXPAND______________RDO

2 Answers  

---