Answer Posted / deepak choudhary
as per the golden rules of accounting -personal account specifically states that debit is the receiver $ credit is the given which means if we sell any commodity or our services to any person then that person will be debited in our accounts as a receiver of that services...$ that person or party can also be termed as our "debtor"
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What information is included in a bill for services?
Mention whether the account "cash" will be credited or debited when a company pays a bill?
Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.
what is the method deposit of wct in Delhi
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
Where should tds received should show in balance sheet?
What is a ledger in regards to accounting?
how to treat investment fluctuation fund in case of death of a partner
What are the four classifications of bad and doubtful debts as per the context of the bank?
my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz
examole of cash to cash contra entry
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!
Why in KE5Z report in SAP Accounting Data not found?