Answer Posted / trinath

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 gains

Assets are held in the Business for the purpose of____________________

1770

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WHAT IS THE DIFFERENCE BETWEEN SEND FOR APPROVAL (WITHOUT PARKING) AND ASSIGNMENT CORRECT IN MYSAP FI POSTING?

1607

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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

1569

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Explain valuation methods of Normal and Abnormal loss

1601

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You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.

2077

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Exapnd--------RAN

1734

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Being BE student why you want to join bank?

1872

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what is difference between account and accounting

1309

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Accounting related interview questions on ibm

937

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For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax

1570

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What is re-financing in Letter of Credit settlement

1527

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what is Calculation of Gross Profit Or Gross Loss?

1750

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Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

1619

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What is Financial planning?

1607

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Expand-------NAC

1783

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