KINDLY EXPLAIN THREE TYPES OF ACCOUNTS WITH EXAMPLES
Answer Posted / nizamuddin
personal account, debit the receiver credit the giver,
real or asset account, debit what comes in credit what goes
out
nominal or ficticious accounts, debit expenses or losses
and credit incomes and gains.
Is This Answer Correct ? | 23 Yes | 8 No |
Post New Answer View All Answers
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
What do you find most satisfying about this job?
Explain me fair value accounting?
Do you know any other accounting application?
if you are a hard working nature conclude your self?
Tell me how you can adjust entries into account?
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
i want to know f form and how to use and how can purchase
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.
purchase return liability or asset?should it be included in the balanced sheet?
whats difference between manufacturing account & cost account
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
what are the steps for the payment cycle of the firm or company?
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
what will be the entry for inventory