Answer Posted / aparna
All ledger have two balances one is debit balance when
debit side amount or total is greater than credit sides
total and the balance c/f to credit side and thus the
ledger matches both side total and vice versa All assect &
expenses & losses also debtors have debit balance and All
income ,creditors,gains have credit balances
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what are the disadvantages of back-flush accounting?
Explain things that fall under intangible asset?
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
Hey can any body tell me..What are negative assets?
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
What is the definition of accounting?
what is the primary of for-profit organisation
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
What is control in accounting?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
What is a business transaction in accounting?
What is definition of a cash float in accounting?
