Answer Posted / h.r. sreepada bhagi
Debits & Credits in Accounting are defined as Rules of
Accounting as below :
1.Personal A/c - Debit the Receiver & Credit the Giver.
2.Real A/c - Debit what comes in & Credit what goes out
3.Nominal A/c - Debit all expenses & losses & Credit all
Incomes & Gains.
Generally Debit amounts are entered on the left column &
credit on the right column in Accounts. In some softwares,
all entries are made in one column with Dr. or Cr. Sign or -
sign for credits.
|Is This Answer Correct ?||13 Yes||4 No|
if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
what is the Differed Tax Liability & How it is calculate ?
What is the difference between lc and bg(letter of credit
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
What is the Technology used to carry out trades? Pls Tell me as early as possible.
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
what is casual receipt? is it exmpted in income tax?
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
If balancing account is not assigned to company & is assigned to department wat will be the effects
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax
What is band and why the company needs this?
cash credit taken from bank then what is the general entry?