Answer Posted / amit kumar
Rule of journal is based on nature of accounts:-
Personal A/c-Debit the receiver & Credit the giver
Real A/c-Debit what comes in & Credit what goes out
Nominal A/c-Debit all expenses & losses, credit all incomes
& gains.
is right.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
how to prost entry for purchases with a bill
Cash bill of sale so the company can deduct the amount.
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
Plz Ask from me New Accounting Questions.
What are the four classifications of bad and doubtful debts as per the context of the bank?
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
Tell me what do you think is bank reconciliation statement?
credit card expenses entry kisme pass karenge
What is accounting
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
service tax calculated on agreement value or market value whichver is higher for builders?
all ques. related to accounts?
Tell us in accounting, how do you define premises?
What are the different types of gst?
