Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

why sales amount comes in Credit Side in Trial Balance ?.
Please give me Explanation

Why Purchase amount comes in Debit side in Trial Balance ?.
Please give me explanation.

Answer Posted / vasudevan

purchase made expenses so the rule applicable for debit the expenses so we can debit

sales made income so the applicable for credit the income so we can credit.

if any suggestion pls contact at my id vasudevanm.com@rediffmail.com

Is This Answer Correct ?    5 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the use of form D in sale tax

1929


Did you use accounting applications at your previous companies or prefer working manually??

1031


Capital reserve is - a) real account b) nominal account c) personal account d) none of them

899


what is the amount withdrawlfrom other cbs branch by multicity chequ book.

1816


My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher

2130


Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST

1918


Tell me what is ledger?

3900


salary and rent entry with tds deduct

1701


You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

1521


how will rectify the error in trial balance.

1959


how many types of currencies are there in oracle r12

1931


Is push down accounting accepted under generally accepted accounting standards?

1165


The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1754


I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?

2305


What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.

1885