Answer Posted / tarun patel

Personal Account:Debit the receiver
Credit the giver

Real Account : Debit what comes in
Credit what goes out

Nominal Account : Debit all expenses and losses
Credit all incomes and gain

Expand--------CMTS

1955

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EXPAND___________IMA

1638

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what are the type of cash flows?

2292

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Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts

1577

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Examples of automatic generated content material of car logbook loans?

1340

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I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy

1686

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differnce between the 4.7 & 6.0 versions?

1659

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explain about mergers & aquisitions? asked on 30/7/09

1551

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What are motive behind mergers And acquisitions?

1704

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what are valuation accounts?

1585

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Under the accrual basis of accounting incomes are recognised at the time -------------------

1616

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What is the Purpose of Preparing Bank Reconciliation Statement?

1609

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In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

1654

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what is pre settlements and post settlements in Derivatives?

1682

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HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.

1603

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