expenses incurred in the formation of the company are show in : 1)debit side in the profit and loss a/c 2)as an assets in balance sheet 3) as an liabiliies in balance sheet 4) credit side in profit and loss a/c

2 Answers  

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if we have taken Mobile phone for employees use ,can we taken as assests for the company ? then what is the deprecation rate ?

6 Answers  

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What are the following types of accounts falls under in Accountancy? Can you please classify the following whether they are nominal ,real or personal account ? 1)sales tax account 2)Debtors account/Creditors account 3)Bank Overdraft account 4)Bills Payable Account/Bills receivable Account 5)Stationery Account 6)Purchase account 7)Loan Account

2 Answers   Infosys,

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Which account is responsible for interest payable?

1 Answers  

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Why don,t show the Closing stock in Trial Balance.

2 Answers  

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There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.

0 Answers   CTS,

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cash credit taken from bank then what is the general entry?

0 Answers  

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WHAT IS THE WCT ON CONSTRUCTION COMPANY AT PRESENT ( 2010- 11)

4 Answers  

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How many types are accounts head?

15 Answers   Limton,

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What is a contra entry

5 Answers   Genpact,

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If a company Purchased Cotton Waste.. it comes under which expense/ how to treat in account

3 Answers  

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hi my name is nagesh,am working in constructions company i have one dout tally software purchase it is asset or expenditure.pls reply ASAP.

2 Answers   Mico,

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