Answer Posted / tirumal reddy
In the double etry of accounting every transaction has
two aspects giving and receiving aspect.according
principles.
1.personal account
DR:RECEIVER
CR:GIVER
2.Real account
DR:WHAT COMES IN
CR:WHAT GOES OUT
3.Nominal account
DR:Expenses and losses
CR:Incomes and gains.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
non cash or bank income or expense
In which account does the unpresented cheque will get recorded?
any one provide me mm & fi configration steps
what is consignment entry?
What are the uses of journal in accounting?
What is liabilities and what all does include in current liabilities?
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
Why are accounting standards necessary?
How to pass the entry in tally for demolished of building?
EXPLAIN EACH SECTION PROVISIONS ON TDS?
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
Have you ever heard about tds, what it is?
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
