What is Account?
Answers were Sorted based on User's Feedback
Answer / chandu
account is the summery of business transaction after classifying them into debit and credit.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / t.r.n. sivakumar
Account is a financial record of business transactions in
which maintain according to the principle of double entry.
It also implies that every debit has an equal credit and
every credit has an equal debit. It has two sides in which
classified into debit and credit. On left hand side of the
accont is called as debit side and right hand side of the
account is called as credit side. On debit side of account
use 'To' and credit side of account 'By'.
| Is This Answer Correct ? | 1 Yes | 0 No |
is TDS is applicable on purchase of geo textile fro outside state c.s.sarmah Assam
what is the formula for profit margin?
what is dieerence between capital cpapital structure
Explain why cooperative accounting is different from financial accounting?
1 Answers Meru University of Science & Technology,
Define cost accounting?
what is composition vat
Realisation account vs revaluation account
what are the differences between Tally and Focus?
Can you give three examples/names of Public and Private Ltd companies?
which Electrical items is Exciseible
What is CMA Data? Explain in detail.
14 Answers Garware, KK Capital, MR Constructions, nsdl,
how to create a profit and loss a/c