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Answer Posted / surender & satish ,warangal
salary is the exp.so it comes in nominal a/c.beacuse all
exp and loses dr and incomes and gains cr as per the
nominal a/c.
| Is This Answer Correct ? | 11 Yes | 1 No |
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The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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