there are three basic rules for accouting that are the main 
formulation for accouiting:
1. everything for the receiver should be debit
2. Inome shoule be credit.
3. Expences should br debit.

They are 3 golden rules of accounting
1.Norminal Account
  Rule: Debit what comes in
        credit what goes out

2.Real Account
  Rule: Debit all expenditure and Loss
        Credit all Incomes and gains

3.Personel Account
  Rule: Debit the receiver
        Credit the giver

They are 3 golden rules of accounting
1.Personel Account
  Rule: Debit the receiver
        Credit the giver
2.Real Account
  Rule: Debit what comes in
        credit what goes out
3.Norminal Account
  Rule: Debit all expenditure and Loss
        Credit all Incomes and gains

Increase in an asset is debited and decrease in the same 
credited.
 
Increase in a liability is credited and decrease in the 
same is debited.

 Increse in expenses/losses etc. is debited and decrease in 
the same credited.

 Increase in a revenue/income/profit etc. is credited and 
decrease in the same is debited.

Real Account:
What comes is debilt, what goes out credit

Personal Account:
Debit is the receiver, credit the giver

Nominal Account:
Debit is losses and expenses, Credit is income gains and 
profit

The Accounting Standards Team's principal objective is to 
determine the AICPAs technical policies regarding financial 
accounting and reporting standards.

It is a set of rules governing for accounting practices and
to determine the appropriate treatment of financial transactions

Depreciation is the dimnution of asset value due to 
obsolescence, effluxion of time, etc..,. Only tangible 
assets can be depreciated.

Writing off an  intangible assets fall under amortization. 
example ---Patents, trademark, copyright, etc.,

Manufacutring concern means They Manufacture the product 
and Trading concern means they buy the product and as it is 
sales the product.

in this highly competitive world, success of any 
organization depends on its human resource. Banks are no 
exception to this. A satisfied, happy and hard working 
employee is the biggest asset of any organization, 
including banks. Workforce of any bank is responsible to a 
large extent for its productivity and profitability. 
Efficient human resource management and maintaining higher 
job satisfaction level in banks determine not only the 
performance of the bank but also affect the growth and 
performance of the entire economy. So, for the success of 
banking, it is very important to manage human resource 
effectively and to find whether its employees are satisfied 
or not. Only if they are satisfied, they will work with 
commitment and project a positive image of the 
organization. Once banking was confined to public sector 
only but it was opened to private sector in 1991 on the 
recommendations of the Narsimaham Committee. The present 
paper makes an effort to study the job satisfaction level 
among employees of selected private and public sector banks 
in Ludhiana. Bank jobs have always remained the first 
preference of the youth here. So, this study is also an 
effort to find out what they think of this job afterwards.

The mutual effect of strains of the contour of the cross 
section and bending of the axis of a shell is manifest in 
ovalization of the cross section and an increase in 
stresses in the structure. Ovalization of the cross section 
must be taken into account for long structural shells with 
the dimensions $$\bar l > 0.6$$  and sgr10max/E(R/delta)
ge0.6.

When we bill the Invoice the same time service Tax is 
added  for example bill value is 20000 + service tax = 
total bill value and when ever we bill invoice we required 
to add service tax with that value.

salma

VAT,CST,CenVAT,Excise duty,C D Forms VATreturns,Cst 
returns,Bills of Exchange,TDS,TCS,IncomeTax etc

See my dear friend, nobody even know Income Tax even not C.A
if sumbody says he knows every inch and bit about Income Tax
he perhaps not know what kind of goof that person is doing,
because Income Tax is very vast & huge, Even I still
understanding Income Tax.

SEE FREIND INCOME TAX IS ITSELF VERY VAST AREA. NO BODY CAN 
SAY THAT HE HAS COMPLETE KNOWLEDGE OF IT. BY THE WAY IN 
BRIEF THERE R FIVE HEADS OF INCOME 

SALARY 
INCOM FROM HOUSE PROPERTY 
BUSINESS & PROFESSION 
CAPITAL GAINS
& OTHER SOURCES 

EVERY HEAD OF INCOME HVING NOS. OF SECTIONS & SUB SECTIONS

VAT [Value Added TAx] means tax is local tax i.e, within 
the state & CST [Central Sales Tax] Inter state Sales or 
Transaction and Sales Tax is the Tax on Sales it may be VAT 
or CST.

sensex opens up with the same points with which it was
closed previous day since it stops functioning after 3.30pm.
it wouldn't change it's points overnight.

Yes sensex opens at the same point at which it closed at 
previous night

Do entry as purchased entry and in narration please write 
this entry is rectification error of previous year.

At the end of the year, normally accounts people creating a 
provion for purchase bills not received but material 
received. If bills are received in current financial year 
they should revese the provision.

The purchase bill entry must be brought forward in the 
balance sheet of the previous year. the same should be 
nullified in the current year balance sheet by reverse entry

Management information sheet