why we debit all expences?
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Answer / santy
As per accouting golden rule every expnses should be
debited that is reason why we debited all the expnses.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / wyne
Expense has debit nature cause aginst it we pay cash or
make libility.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / s subhalaxmi
Expenses are the charge against profit to know the correct
and fair profit, which the golden rules suggests.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / manoj s
According to the rules of accounts..IN case of nominal
account ..we debit all the expenses and have to transferred
to profit and loss a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
bonus shares?
Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5
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