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What is Account?

Answers were Sorted based on User's Feedback



What is Account?..

Answer / chandu

account is the summery of business transaction after classifying them into debit and credit.

Is This Answer Correct ?    5 Yes 0 No

What is Account?..

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

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More Accounting AllOther Interview Questions

Expand----------NZP

1 Answers  


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.

0 Answers   IBM,


Can u please give me example of bonds? is National savings certificate a Bond?

0 Answers  


what is accounting

2 Answers  


what is the order for cashflow statement

2 Answers   Capital IQ,


Calculate the current assets from the following information A>credit sales Rs.2,00,000 B>G.P.ratio 20% c>stock turnover 5 times. D>Current liabilities Rs.60,000 E>Quick ratio 0.75 Stock at the end Rs.5000 was more than the stock in the beginning.

1 Answers  


Expand --------CAIR

2 Answers   DRDO,


Hi all i did my M.B.A financ enw iam doing a job as a finance executive but i feel it is not good 4 me can any 1 plz guide me 4 the better career my job profile is (INVOICING)hw it is help me out 4 the better career shell i continu ein the same 1 by learning sap or oracle or shall i shift to any other if any other which job is suites to me plz suggest me

0 Answers  


I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.

1 Answers  


wat is finance?

13 Answers   Accenture,


Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

0 Answers  


Dividend per share?

1 Answers  


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