Answer Posted / ravi

THERE ARE THREE TYPES OF ACCOUNT:-
1.PERSONAL ACCOUNT:-IN THIS ACCOUNT THE DEBIT(DR)IS
RECIEVER AND CREDIT(CR) IS GIVER
AND THE OWNWR IS CALLED CAPITAL
FOR EX.
QUS- ROHAN HAS DEPOSITED OF Rs.1,000.00 INTO BANK 1 JAN
2011 IN PNB?
ANS- RULES IS PERSONAL ACCOUNT
DATA ENTRY-
BANK A/C 1,000.00
TO ROHAN 1,000.00
2. REAL ACCOUNT-IN THIS ACCOUNT WE SEE THAT WHATS COMES
INTO AND WHATS GOING ONTO FOR ANY PERPOSE (Ex.
BUSINESS,LAND,BUILDING,ETC)
FOR EX.
QUS-RAM HAS DEPOSET Rs.50,000.00 ON 10 SEP 2010 FOR
BUSINESS?
ANS-RULES IS RAEL ACCOUNT (BECAUSE USE NOT FOR PERSONAL )
DATA ENTRY-
BANK A/C 50,000.00
TO RAM`S A/C 50,000,00
3.NOMINAL ACCOUNT-IN THIS ACCOUNT DEBIT IS ALL EXPENSESS
AND LOSSES AND CREDIT IS ALL GAIN,PROFIT(ALSO DISCOUNT)
(ALL RENT BILL COMITION PROFIT)

QUS-RAMESH HAS MADE FEW EXPEND RENT,ELECTRIC BILL AND
COMISSION Rs. 10,000.00,4,500.00 AND 2,500 RESPECTIVELY AS
ON DATE 15 MARCH 2011?
ANS-RULES IS NOMINAL; ACCOUNT
DATA ENTRY-
RENT A/C 10,000
EL. BILL A/C 4,500
COMMI. 2,500
TO CASH 17,000.00

business sepsarate entity concepts

1816

---

What is the Formula For Return on Working Capital

2148

---

What is difference between cash flow and funds flow?

2242

---

Expand ----------GIDB

2071

---

Examples of automatic generated content material of car logbook loans?

1781

---

I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?

2007

---

What will be entry pass in tally if TDS paid by Credit Card.?

2015

---

what are the differences between Tally and Focus?

7873

---

you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.

2644

---

Expand-------NSAC

1897

---

What is payment/receipt/period accruals?

1676

---

Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj

1542

---

EXPAND___________NAA

1891

---

Pls Explain Accounting Standered 1,3,11,29

2300

---

why cost center is assign to gl account in sap

1429

---