Answer Posted / prakash
In double entry system every transaction affects atleast
two accounts. i.e. one debit and one credit.
ex: salaries paid by cash.
Here this transaction entry will be made by debiting
salaries and crediting cash.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Mention why some asset accounts have a credit balance?
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
what are your current financial and accounting projects? What is your role?
How is the accounting for hire purchase transactions done?
What action could be taken by you and your manager to improve your performance in your current position?
Do you know overhead in terms of accounting?
Why Company maintain's books of account?
What is difference vat
What is quality discount?????//// pls mail ur answers at my e - mail ID : kamalsodhi24@gmail.com
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
Tell me what would you say are the most important qualities of an account manager?
what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software
what are voucher entries for EPF treatment in tally