Answer / praveen singh

if the name is giving than it is represantive personal a/c
other wise nominal a/c

Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

0 Answers   WNS,

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how to prost entry for purchases with a bill

0 Answers  

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what is the difference between cost of goods sold and cost of sales ?

2 Answers  

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What did you meant by Debit and Credit?

4 Answers   Genpact,

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BRS

2 Answers   Akzonobel, BEL, Chartered Accountant,

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What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

0 Answers  

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5- Explain the function of ledger?

1 Answers  

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in Sensex and Nifty, what is the measure to take the points

0 Answers   FT,

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define SOX

1 Answers   WNS,

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how to account salary advanced from petty cash

1 Answers  

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Payment made to creditors is a

1 Answers  

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April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

0 Answers  

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