Answer Posted / aprajita apra

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL ACCOUNTS DEBIT ALL EXPENSES
CREDIT ALL INCOMES

PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is compensation theorem?

2501


what is the frienge benefits tax?what is usefull?

1580


we want all sbi previous questions papers in our e.mail krishna2043 on yahoo

1646


Expand ----------GIDB

1620


The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed

1734






Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj

1185


In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?

1567


Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.

1622


we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?

1490


Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.

2618


What is a Balance Sheet & Profit & Loss Account?

1491


how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?

1466


i am the student of icwai (intermidiate) What is the tds and how use the different state ..

1624


if we have credit 50 % rg23c part ii first and not credit next balance 50 % .when we have do?

1407


which name written in Tan application form Applicant is sole proprieter companies name or individual name?

1471