Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / mani - tnmsc
Golden Rules of Accounting
Personal A/c.: Debit - The Receiver
Credit - The Giver
Real A/c.: Debit - What comes in
Credit - What goes out
Nominal A/c.: Debit - All Expenses and Losses
Credit - All Incomes and Gains
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
What is departmental accounting? Give an example
How many types of business transactions are there in accounting?
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
What is meant by public accounting?
What qualification do you need to become an accounting professional?
What are the basic assumptions in accounting?
What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?
What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me
i want to wearies heads under direct expenses and indirect expenses
What are the disadvantages of double entry system?
What are bills receivable?
Tell me the meaning of long-term notes payable is or long term liabilities?
Tell me do you possess any knowledge about accounting standards?
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
