What are the 3 Basic Rules in Accounting.
Answer Posted / shivaraj
Real A/C
Debit : What comes in
Credit :what goes out
Personal A/C
Debit : Receiver
Credit : Giver
Nominal A/C
Debit : All Expenses & Losess
Credit : All incones and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
to attend interview for real estate company accounts
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
How can i prepare MIS report for Finance?
How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?
What is back value adjustment/correction in Nostro Reconciliations?
what is meant by cash purchase?
what is buy bach shares?
plz send me hsbs finance questions asked in the interview ans appitude also
How can you actualize cah flows of 5 years at 8%
Telly ERP9 is perfect accounting softwear in excise unit.
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
what is budgetory control and what are the types
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
what are the questions commomly asked in reuter's interview.?
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.