Business entity concept?
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Answer / payalgupta
business entity concept treats a business as distinct &
seprate from its owner.This is an accounting principle
which says affairs of owner is seprate from its buinesss
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / sumitra.raghavan
businees and owner r 2 seperate entity
| Is This Answer Correct ? | 0 Yes | 1 No |
Ledger
a purchase of Rs.750 from raghubir has been debited to his account.purchase account has been correctly debited.
why the accounts as personal real and nominal
There is no item category assigned to account
pls let me know double entry of 'LEASING"
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ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
If we give a discount to any customer on our invoice & issue a credit note of discount than what will be the group of discount in tally. please suggest me.