Answer Posted / somasekahar

purchases A/C -dr
To supplier A/C

DebtorA/c-dr
to sales a/c

personal a/c-debit the receiver,credit the giver
real account -debit what comes in,credit what goes out
nominal account-debit all expenses,credit all gains and
incomes

A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500

2700

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Are you comfortable with cold-calling?

1033

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if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system

2028

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Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?

1115

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Tell me how many types of business transactions are there in accounting?

1071

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What is accounting & why it is used?

1110

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what is cost unit n what is cost sheet?

2201

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What do you mean by balancing of ledger account?

976

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How many types of business transactions are there in accounting?

1083

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what are the limitations of accounting ratios?

1040

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Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?

1896

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my question is I am finance student I want to know which type of the question are asked by the interwier in interview.

1980

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What is the use of 2a, 2b & 2c form in CST ?

2529

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want to know the questions and answers frequently asking in banks at the time of interview for any cadre

2081

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What is the distinction between cost accounting and management accounting?

1044

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