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Tell me what is accrual accounting?


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Which kind of transactions are not recorded in the books of account?

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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

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Do you know what is icai?

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Tell me do you think there is any difference between inactive and dormant accounts?

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

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