Answer Posted / ajit

Becuse the one effect of the entry goes to trading account
credit side and other effect goes to balance sheet asset
side.so the basic principal of accountancy is that if one
effect is debit then other effect has to be a credit.

what is differnce between balance sheet of a bank & a company

2064

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Define retail banking?

1105

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how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

2354

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describe the rule of garner vs murray and how it relates to the dissolution of a partnership

5401

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Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90

2502

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pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.

2213

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what are the different methods of teaching share and debenture to pre degree students

1942

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i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

1885

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Why is it necessary to prepare Asset Disposal Account?

1911

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In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.

2433

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Explain things that fall under intangible asset?

1072

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how to prepare for accontant examinations

2097

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what is core accounting?

2314

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Do you know any other accounting application?

1023

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What is the provision?

1123

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