Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / anshuk doliya
Three types of A/cs.
Real A/c - Dr. comes in & Cr goes out
Nominal A/c - Dr. all the Exps. & losses and Cr. all income
& gains
Personal A/c. - Dr. Receiver & Cr. Giver
| Is This Answer Correct ? | 4 Yes | 4 No |
Post New Answer View All Answers
What are the uses of journal in accounting?
Explain what is bad debt expense?
What information do you require before you approve an invoice for payment?
What is the provision? What is the entry for provision?
What is the difference between trial balance and general ledger?
Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?
Please let me know Under head of Sales Advance?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
Tell me what is ledger?
on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
Who uses accounting?
Describe me accounting rules
