any example should cover all three types of accounts in one
entry
Answer Posted / kunal turi
cash paid to PARTY on discount?
Dr cr
(pesonal a/c) PARTY a/c......Dr xxxx
(real a/c) To cash a/c xxxx
(Nominal a/c) To discount a/c xxx
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is band and why the company needs this?
What are the types of liabilities accounts?
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
Tell me about an invoice discrepancy you discovered and how you resolved it
How is an accounting department structured?
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
How do you prepare mis reports?
Please explain the difference between provision and reserve?
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
What is your greatest achievement and why?
What do you mean by ledger posting?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
What is diffrence Between GPF and EPF?.. can anybody explain..?