Answer Posted / nagarjuna
it is also called "golden rules of accounting". there are 3
rules.
1.PERSONAL ACCOUNT:-
DEBIT :who is benefits get from company. (receiver)
CREDIT:who is give benefits to the company (giver)
2. REAL ACCOUNT:-
DEBIT : What comes in
CREDIT: What goes out
3.NOMINAL ACCOUNT
DEBIT : All expenses and losses
CREDIT: All incomes and profits
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Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??
cash sales and credit sales both are asset or liability?
sort out the difference between service provider & service reciepient from the service tax.
What are the question asked for accounts associate
EXPAND______________ICT
OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM
What is the meaning of Debt reconciliation and how to do debt reconciliation?
commisiion recieved journal entry and receipt required
Mostly what type of manufactures are coming under TDS and basic rate for each category
what do you meant auction? what is F & o segment?
What is Summarising
What is the mening of uidnvhe.?
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
What is Free Cash?
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
