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Answer Posted / nirmal
1. PERSONAL
2. REAL
3. NOMINAL
PERSONAL - DEBIT THE RECEIVER
CREDIT THE GIVER
REAL - DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL - DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
| Is This Answer Correct ? | 38 Yes | 4 No |
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Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
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