Answer Posted / milind sawant

there are 4 Golden Rules of accounting

1 personel * debit the receiver
* credit the giver

2 real * debit what comes in
* credit what goes out

3 nominal * debit all expences and losses ex discount
recieved,commission received
* credit all incomes and gains ex salary,
rent,advertisment,

4 personel representive a/c

I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes

1480

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how we could adj. the entries of prop. & firm in merging time

1919

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Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

1876

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Explain Cash Basis of accounting

2056

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How can I find out my credit rating score for free?

2080

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what do u mean by single error and double error in accointing errors?

2279

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Expand-------NABT

1827

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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units

2176

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what's accounts payable

12223

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Where to enter bonus and pf esi in tally pls help for me

2008

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DEfine SAP

2080

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What is the Finalization of Accounts?

2275

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discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?

1894

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what are the steps used in UAT in Oracle Apps?

1801

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Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

2057

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