why we debit all expences?
Answers were Sorted based on User's Feedback
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 |
What are the Goddwill calculation Methods?
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
What is Demat Account? what is the use of it?
AllAccounts Assistant Interviews Questions?
What is the Journal entry if a Demand Draft is taken by Company B on behalf of Company A? Company B has it's A/c with Bank X. Company A has it's A/c with Bank Y.
Short Answer on ________Ad-Valorem Duties
why balance sheet should tally
What accounting records must a non-company charity keep, and for how long?
calls in arrears come under which group in tally?
1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.
What is the TDS ? what is fORM C & FORM 16A?
PERSONAL DETAILS