Answer / santy

As per accouting golden rule every expnses should be
debited that is reason why we debited all the expnses.

Answer / wyne

Expense has debit nature cause aginst it we pay cash or
make libility.

Answer / s subhalaxmi

Expenses are the charge against profit to know the correct
and fair profit, which the golden rules suggests.

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

Answer / rincy scaria

credit all incom, that is why

expand I R D A

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EXPAND___________NTF

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Short Answer on __________Revenue

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Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

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expand--------HNSS

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Expand PETL

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Why do people call Genpact as Gunpat outside? What do you reply when they ask that What does Gunpat manufacture?

5 Answers   Genpact,

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What is the difference between Cash accounting System and Mercantile system of accounting

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Financial Management vs Management accounting?

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hi.. inthe month of june our expenses 540.petty cash replenishment we received 530. in the next month we received the balance 10 and july petty cash replenishment for 450 + 10. how to prepare jv. eg: subry expenses a/c 540 to cash 530 to ???? 10 july: sundry expenses 450 ??????????????? 10 to cash 460 pls help

1 Answers  

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