Answer Posted / ankama rao

broadly classified into two two head
1)personal accounts
basic rule:
debit the receiver
credit the giver
2)impersonal accounts
a)real accounts
basic rule:
debit what comes in
credit what goes out
ex:tangible assets such as buildings,
furniture,cash etc and also intangible assets
such as goodwill,trade marks etc.
b)nominal accounts
basic rule:
debit all expenses and losses
credit all incomes and gains
ex:salaries account,rent account,
commission account etc.

Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them

2597

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EXPAND_________SCM

2411

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you went outside to purchase vegetagles, suddently big rain came then what you will do

2206

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Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L

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as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes

4078

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What is the working formula for Inventory turnover

2030

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Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector

1787

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fill in the Blanks Share Holders in Company have _____________Liability

2011

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what is waybill key number & how can it be issue?

2346

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What is the Purpose of Preparing Bank Reconciliation Statement?

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In sales what rule applicable

1895

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let me know the difference between net cash flow and income

2266

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what is transposition-cum-demat?

2515

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Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1917

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what are responsibilities of an accountant in a company?

2053

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