ashish garg


{ City } moradabad
< Country > india
* Profession * asst. accountant
User No # 29112
Total Questions Posted # 0
Total Answers Posted # 4

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

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Questions / { ashish garg }
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Answers / { ashish garg }

Question { 10884 }

what is inflation?


Answer

when the money is not able to purchase much more goods then
the befor days.

Is This Answer Correct ?    0 Yes 0 No

Question { 8656 }

what is the rule of debit and credit.
Plz detail answer.
thankful to you


Answer

all incomes are credit and all expenses are debit and
whatever we are getting is dr. and whatever is going is
called cr. thats it

Is This Answer Correct ?    0 Yes 2 No


Question { 25816 }

If I purchased a machinary of Rs. 50,000 and Received a
free printer of Rs. 3000 . What its Accounting entry?


Answer

if printer is the part of machinery then entry would be
Machinery A/c dr 50000.00
To cash a/c 50000.00
because we are paying only 50000.00 for machinery
(Being machinery purchased)

Is This Answer Correct ?    2 Yes 3 No

Question { 6349 }

If one person has been paid excess salary in particular
month. In next month we want to deduct the excess given in
last month what will be the entry,
Assume: excess given 2227
This month details : Gross 20058, PF 780, PT 200, and net
must be 16851

all effective figures must consider in entry


Answer

we deducte the PF on a certain amount, hence we should
deducte that amount in his next salary or give his salary
after deducte the excess amount
This entry should not post in books

Is This Answer Correct ?    1 Yes 0 No