Answer Posted / jitendra more

PERSONAL ACCOUNT
DEBIT : THE RECEVIER (S.Creditor, Party)
CEDIT : THE GIVER (Cash or Bank)

REAL ACCOUNT

DEBIT : WHAT COMES IN (Cash/Cheque, Purchases, Receipts)
CREDIT : WHAT GOES OUT (Payments, Cash/Cheque, Sales)


NOMINAL ACCOUNT

DEBIT : EXPENES OR LOSS (Salary,commission,rent,etc)
CREDIT : INCOME OR GAINS (Interest recieved,commission
received, royalty received, etc)

What is customer account?

1089

---

what is the manual procedure for accounting

1888

---

purchase return liability or asset?should it be included in the balanced sheet?

1532

---

What is an over accrual?

1068

---

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????

1636

---

WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?

1903

---

iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above

2000

---

What is the revenue recognition principle?

1120

---

Explain accounting 101?

1119

---

if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.

1678

---

Do you know what is double-entry accounting? Explain with an example?

1009

---

what is profit maximisation

2041

---

Tell us in accounting, how do you define premises?

1082

---

What is the Project Accounting in case of Real Estate or Construction Co`s ?

2364

---

What do you mean by ledger posting?

1066

---