Answer Posted / upender. a

Ofcorse it is the rule of Real a/c.
that Debit What comes in & Credit What goes out.

Ex : if u purchased a furniture and paid Cash, then journal entry is:

Furniture A/c.__________ Dr
To Cash Ac.

Here u r getting the furniture (what comes in)
and u r paying the cash. (what goes out)

1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?

2056

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

5930

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Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

2055

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why would you like to opt nbp

2016

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what are your plans after completing your MBA (or) studies ?

1985

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A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .

1876

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We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.

2442

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what do u mean by arrear basic or arrear hra?

3796

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give the examples of Error of Duplication?and Error of compensatin? with entries

4683

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objective of accounting

2014

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please send me last 3 years question & solution

2074

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service tax form no ? What is CC Limit ? What is branch accounts?

2190

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difference betwwen the 4.6 & 4.7 ecc versions

2336

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What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?

2045

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let me know the meaning and Nature of cash

2081

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