Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sridharan.v
There are three golden rules of accounting:-
Name of the Account Debit credit
1. Personal Account: the reciever thegiver.
2. Real Account: what comes in what goes
out.
3. Nominal Account: all expenses and losses all incomes
and
gains.
| Is This Answer Correct ? | 11 Yes | 2 No |
Post New Answer View All Answers
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
How i pass the share holders capital entry in Tally? How to set this option in Tally?
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
Transfer nett profit of Rs 325000/- to Reserves and Surplus
What is Direct Debit
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?
intorduse your self ? what to say if iam fresher.
Comments Elements in accounting
what is cost audit?
Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
Can you explain about the distinction of Book-Keeping and Accounting
How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer
Explain significance of Nastro and Vastro in accounts?
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
