Answer Posted / mahesha c

1) personal accounts
Debit is the receiver.
Credit is the giver.
2)Real accounts
Debit what comes in.
Credit what goes out.
3)nominal accounts
Debit all expenses & losses.
Credit all income & gains.

what is Calculation of Gross Profit Or Gross Loss?

2247

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A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c

2078

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Expand--------SRTA

1954

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What will be entry pass in tally if TDS paid by Credit Card.?

2082

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What do u mean by pass through expenses? give examples, how it will be accounted & billed?

5954

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how to entry in tally for other person check received

1956

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You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

2340

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what is capital market and money market? what is primary market and secondary market?

2201

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KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)

2020

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How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2952

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My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

2095

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Mention some of the major contributions made by you in your present and previous jobs

6160

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Expand-------BANT

2234

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i am the student of icwai (intermidiate) What is the tds and how use the different state ..

2134

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WHAT IS INTEGRAL ACCOUNTING

2221

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