can any one tell me the Types of accounts in practise
Answer Posted / prabakar
As per the companies act, the accounting should be done in
2 ways.
1. Mercantile system of Book Keeping (Double Entry System)
2. Cash Receipt System (Recording transaction only when it
occurs)
3. Apart from these there is self balancing system wherein
a person can write as per his/her understanding.
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
Expand------------STRA
WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?
Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?
Hi frnds, can any one tell me how much funds has to be there to convince financially sound during the visa interview and what supporting documents has to be produced. What is backlogs means.....hope the best known will answer.
difference between office expense and miscelleanous expense with some examples
What is back value adjustment/correction in Nostro Reconciliations?
can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?
In sales what rule applicable
Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
what is sales life cycle???
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
Short Answer on _____________Revenue Budget
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
cash sales and credit sales both are asset or liability?