Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????

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We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?

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what is difference between share and equity

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I would like to know about work in progress, when we will debit WIP under Asset a/c head in balance sheet, the credit will be allocated under in which accounting head? whether its under purchase a/c or income a/c ? expecting detail explanation?

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explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule

0 Answers   KSOU,

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What is indent?

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what is financial MIS report and what is included in it. Please help me out to know the concept

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i have purchase goods for Rs.100 and company say you sell this goods for Rs. 80 and raised a debit note for diffrence amount and he fix 5 % commision on sales value what is journal entry passed in tell with narration?

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what is the accounting rules?

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Paid , life insurance premium Rs.2500

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what is the difference between earnings and profits

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how does calculated retain earnings?

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