Answer Posted / gayasree

Accounts are divided into two types that are personal a/c and impersonal a/c nd this impersonal a/c has two types that are real a/c and Nominal accounts here norminal a/c are related to two things that are
1)Expenses, loses..... Dr
2) Income, profit..... Cr
Ex÷ salary a/c, commission a/c, interest received a/c... etc

Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

1936

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WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

2486

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AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE

2198

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what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

2245

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how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..

2031

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If its is declared by auditor that business is not going concern that what journal entry will be pass?

1911

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fd redeem interest and principal entry in tally

1200

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Explain about Fluctuating Capital

2592

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Expand---------PCDB

2117

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How do the standards assist the users of financial report?

2314

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What is Provision for expenses?

2257

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Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?

1984

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how to do the recurring entries or steps to follow that

1961

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legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?

3091

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How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing

2230

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