Answer / abdullah amer

Double entry system is a system in which the two aspects
of the transaction is recorded in term of Debit and Credit.

Answer / prakash

In double entry system every transaction affects atleast
two accounts. i.e. one debit and one credit.

ex: salaries paid by cash.

Here this transaction entry will be made by debiting
salaries and crediting cash.

Answer / siddaraja2020

double entry system means both receiving and givining
aspects are takes place.that is every credit has it's
corresponding debit and every debit has it's correspondig
debit.

Answer / hemant

Double Entry systme means in the case of any transation
must be effected the two different accounts
one is dabit then one is credit

Answer / sandhya

double entry system is a system in which two aspects
i.e,debit & credit.
for every debit is equal to corresponding credit transcation

Answer / triloksharma71

NA

Answer / vijay gombi

Two fold aspect of each and every transaction are recording
in the same transaction is called Double Entry system.

for ex-
if one account is debited another one or more accounts
will be credited and final debit and credit balance of same
transaction must be tally

Answer / surendrareddy

Douuble entyr system accounting is the Cash and Bank
coloumns in to the both side of the book.

The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).

0 Answers  

previous year tax adjustment (i.e. short/excess provision) on completion of its assessment in current year should be shown in p&l a/c or p&l appro.a/c?

1 Answers  

Tell me how you can adjust entries into account?

0 Answers  

1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...

0 Answers  

how to treat outstanding salaries in accounts statements, how it is shown in receipts & payments account, income & expenditure account & balance sheet

1 Answers  

were you happy with the grades you achieved at a-level?

0 Answers  

what is BRS? 12.Why is it used ?

14 Answers  

Tell me how can you define departmental accounting?

0 Answers  

HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM

0 Answers   IBM, Kumaran Systems,

What is Time capital

0 Answers  

what is the use preparing balance sheet

5 Answers   Nestle,

hove many % vat in calcym hydroxyd?

1 Answers