definition of Accounts
types of accounts
debit and credit definition
debit and credit rules
accounting rules
Answer / sumitra.raghavan
accounts is a statement containing summarised record of
transactions held in relation to
assets,liab.debtors,creditors,expenses or income
accounts consist of two side debit and credit...
debit is derived from latin word debitum which means to
owe...it is found in the left hand side of account.credit is
derived from credere whcih means to be oneself.it is shown in
righthand side of accounts
Is This Answer Correct ? | 1 Yes | 1 No |
What is mean by deffered revenue expenditure?
accounting effect for closing stock goods destroyed by fire and claim is given by insurance co
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
How to record:- Amount received 500000/- for supply of material for 5 years
3 Answers KPMG, Manufacturing,
What is the meaning of Stock valuation, and how ?
Profit or loss on revaluation is shared among the partners in _______ ratio. (a) Old Profit Sharing. (b) New Profit Sharing. (c) Capital. (d) Equal.
what is the eligible to deduct the professional tax?
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.
How we can apportuin the prepaid ex., example for jouran voucher
What is Inter branch accounts reconciliation
What is short term solvency ratio?
What is the definition of manual accounting?