general entry for credit purchases, credit sales, golden
rules of accounting,what is contribution.
Answer Posted / naresh
personal a/c-debit the receiver,credit goes out
real account -debit what comes in,credit what goes out
nominal account-debit all expenses,credit all gains and
incomes
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
Why have you applied to our firm?
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
get fixed assets items
how pass journal entry in the month ending for input vat and out put vat
Do you know compound journal entry?
What is the formula for acid test ratio in accounting?
Why we debit expenses and credit incomes ?
What are the basic assumptions in accounting?
What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
Sir i want to ask that if the salary above 6500/- than also pf deduct.
What is an interlocking accounting system?
What do you think is a bank reconciliation statement?