Answer Posted / r.sumithra krishnan
An account which mentions a particular person and debit
the receiver and credit the giver. it also depicts the
creditors and debtors for personal account and it also
tells about concern.
| Is This Answer Correct ? | 49 Yes | 12 No |
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we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
how to do the finalise of account? what is the step? why we need to do like that?
npa is either person or account
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