Answer Posted / arul sakthi

GOLDEN RULES OF ACCOUNTING:

I. PERSONAL ACCOUNT:

i. DEBIT THE RECEIVER
ii. CREDIT THE GIVER

II. IMPERSONAL ACCOUNT

1.REAL ACCOUNT:

i. DEBIT WHAT COMES IN
ii. CREDIT WHAT GOES OUT

2. NOMINAL ACCOUNT:

i. DEBIT ALL EXPENSES AND LOSSES
ii. CREDIT ALL INCOMES AND GAINS

Transfer nett profit of Rs 325000/- to Reserves and Surplus

2390

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describe the most complex challenge that you have faced and how you managed it

2190

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Let me know the difference between cash flow and free cash flow

1991

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Expand-------CAN

1881

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WHAT IS CORPORATE ACTION?

2082

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we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?

2006

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Short Answer on __________Revenue

1893

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Expand---------OTMD

2415

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Short Answer on __________Accrued interest

1797

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Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them

2543

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what is difference between account and accounting

1719

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What are the benefits ofparticipation in a depository?

1985

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Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

2015

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We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.

2414

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What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

1952

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