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Answer Posted / h.r. sreepada bhagi
Under Double Entry System of Accounting, every financial
transaction has two aspects. Debit & Credit. In other words
the total amount on the 2 sides of a transaction should tally.
Debit & Credit rules have been framed by classifying the
Accounts in to three basic types as below :
1. Personal Account.
2. Nominal Account.
3. Real Account.
For more information on basics of accountancy, read any book
on Fundamental Accounting or any Accountancy Text Book
prescribed for 1st year PUC.
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Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
how many types excise audits and when they are applicable to firm
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
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difition of reserve & surplus
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Wipro Limited I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me. How to calculate Gratuity & when it's applicable to
employee after three years or Five years?... in insolvency we have to prepare deficiency account but why
we do not prepare this account as per general principle
i.e Dr Cr To By etc , and deficiency account is which
account? X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT
IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR
CITIZON, HOW CALCULATE IT? my company taken a hdfc car loan rs.355493/= but bank received
only 347345/= .after received the amount company purchase the
car. after that regular emi paid to hdfc bank. WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS?
WITH EXAMPLE? What do we mean by purchase return in accounting?
