Answer Posted / md. irshad alam

Personal Account
Debit the receiver and credig the giver.

This rules apply in Personal account. Like- Bank Account,
RAj Account.
etc.

Real Account
Debit what comes in and credit that goes out.

Nominal Account
Debit all expenses and credit all incomes.
example.-rent a/c, staff a/c. petrol a/c, conveyance a/c,
interest a/c, discoount a/c etc.

Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.

2096

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How do you manage the sales account in tally

2090

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I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?

2102

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Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1958

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I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.

6839

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What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?

2976

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if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.

1913

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What is cash clearing account

2006

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I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim

2179

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What is the difference between Risk, Threat & Hazard?

2150

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define drawer or maker

4285

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At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?

2118

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My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

2140

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What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.

2363

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give me only one transactions in both side (debit&credit) should be in real accounts

2229

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