In p&l account where does miscellaneous expenses comes
Answer Posted / arman ali
P/L account is a nominal account, and according the golden
rules in nominal account all expenses and losses should be
debited & all incomes and gains are credited. therfore
miscellaneous expenses should be debited.
Is This Answer Correct ? | 9 Yes | 3 No |
Post New Answer View All Answers
why specifically inited states ?
what is accounting in automobile
how do you prepare the mis reports and prepare the one example report stating your accounts department proforma
What is meant by Revenue Loss
what are the types of provisions that you would make for the end of a financial year?explain
Is advance paid wages has credit balance?
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
Expand---------MRDT
WHAT ARE EQUITY SECURITIES?
what is purchase consideration?
Expand-------NAC
What si the differance between REVENUE and PROFIT?
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario