Answer Posted / raju
by posting gross pofit on credit side of TB and all
expenditure on debit side (left of TB) and
Income on Credit side (right side of TB). If Income is more
than the Expediture, then we say that we have gained profit.
Is This Answer Correct ? | 8 Yes | 10 No |
Post New Answer View All Answers
let me know the meaning and Nature of cash
What do you mean Business
what are responsibilities of an accountant in a company?
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
How i pass the share holders capital entry in Tally? How to set this option in Tally?
What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
Short Answer on ______Budget
What Kind Of Requirements for Vat Refund And Assessment Cases
what is ledger account
How many types we are received funds in business purpose
what is the use of accounting standards
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
why gross profit transfering to profit & loss account