Answer Posted / pradipta

There are 3 golden rules of Accounting
Personal account: Debit is the recevier, Credit is the giver
Real account: Debit what comes in, Credit what goes out.
Nominal account:Debit all expenses and losses & credit all
incomes and gains.

What does the abbreviation m mean in accounting?

1168

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What is peach tree accounting?

1138

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how to calculate forefeiture of share when over subcription

2292

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What is the difference between Accruals and Provisions?

1686

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How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.

12548

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What is the difference between provision and reverse?

1154

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What is the difference between accrual

2156

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Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

1698

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What does the investment of personal assets by the owner will do?

1149

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i want to wearies heads under direct expenses and indirect expenses

2035

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Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

1859

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Aptitude Test Questions

2183

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What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

1997

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what is a difference between public and private accounting?

1200

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using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

1943

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