what is representative personal accounts??
explain with examples...
Answer Posted / mamatha
those accounts which represents a person or a group known as
representative accounts
| Is This Answer Correct ? | 4 Yes | 3 No |
Post New Answer View All Answers
why you want to lecturer
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
What is accounting transaction?
what is the primary of for-profit organisation
What is account in accounting?
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
Mention the types of accounts involved in double entry book-keeping?
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
how to assign the cost center to GL Account in SAP (FICO)
how much cash transaction to single transport company per day and also per year
Explain financial accounting. What are its characteristic features?
What is accounting normalization?