Answer / syedghouse

All accouanting is consist of accounting princples.
1.Accounting concept and
2.Accounting convention.

Answer / viswanadh.c

accounting principles there types
1 personal accounts
2 real accounts
3 nominal accounts

what is accounting?

1 Answers  

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Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.

0 Answers  

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we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

0 Answers  

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What will be the general entry for advance salary given?

3 Answers  

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Name three (3) equity security data points

2 Answers   Shore Infotech,

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i purchase a printer which expenses it comes my shop is medicines purchase and selling

3 Answers  

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if salary paid per month rs. 46500/- i will deduct tds from his salary please what i will do explain

3 Answers   Wipro,

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what is sensex

9 Answers   Capital IQ,

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What is BRS?

7 Answers  

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sir, i m working in an ngo as accountant but new. pleas clear my doubt in tally. suppose 'a' salary is 5000. he taken 3000 advance from salary and not returned. i paid a cheque next month rest 2000. 'b' salary is 10000, taken 5000 advance from salary and returned so i paid him 10000 total salary. what all to do in tally. is the following procedure is ok or not?

5 Answers   Banking,

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where will lostv appear in balance sheet?

1 Answers   Alfa Automation, TCS,

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how can we copy and paste an whole entry in tally9?

3 Answers   Indian Railways,

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