Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Principles of accounting

Answer Posted / sandeep

PERSONAL ACCOUNT:
DR. THE RECEIVER
CR. THE GIVER
REAL AC:
DR. WHAT COMES IN
CR. WHAT GOES OUT
NOMINAL
DR. ALL THE EXPENSES AND LOSSES
CR. ALL THE INCOMES AND GAINS

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.

1548


as  per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary

2484


What are the different fields of accounting?

988


Tell me what a deferred asset is and give an example?

1058


what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?

4279


M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

1798


What is difference vat

2069


Differentiate between consignor and consignee?

1108


what is share application money pending allotment?

4021


Private purchases amounting to rs 5000 have been debited to purchases account

1456


when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.

1864


what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?

3171


What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c

2245


Revenue Expenditure

2066


Why is accuracy important in accounting?

1024