Answer Posted / suryaprakash nalam
A real account states about assets of an organisaton,
Debit the comming asset and Credit the asset going out.
In real accounts any increment in assets held by the entity
is reflected by increasing the relevant asset account and
depletion by crediting the asset account.
If any asset account is debited then it is on account of
increment in the value or acquisition of that liability or
owner's equity which decreases the resources held by the
entity.
As the total resources held by the entity cannot
indigenously increment themselves the depletion has to be
matched with a fall in resources within the entity.
Is This Answer Correct ? | 11 Yes | 1 No |
Post New Answer View All Answers
There is no item category assigned to account
Explain me scrap value in accounting?
what is loan operations and what are the complete process form from making customer to closure of loan
Anti Takeover policies
Tell me entries to revenues accounts such as service revenues are usually?
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
What is aggregate Liabilities ?
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
how to create salary and pf statement in excel sheet?