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  • 1 answers

Aryan Gamer 7 years, 3 months ago

Because we use fixed assets for many year. So we distribute their cost over the years of their use and this distributed cost is depriciation
  • 2 answers

Keshav Bindal 7 years, 3 months ago

Debit Note- Minimization in account payables. Credit Note- Minimization in account receivables.

Gaurav Seth 7 years, 3 months ago

<th>BASIS FOR COMPARISON</th> <th>DEBIT NOTE</th> <th>CREDIT NOTE</th>
Meaning Debit Note is a document which reflects that a debit is made to the other party's account. Credit Note is an instrument used to inform that the other party's account is credited in his books.
Use of Blue Ink Red Ink
Represents Positive Amount Negative Amount
Which book is updated on the basis of note? Purchase Return Book Sales Return Book
Effect Minimization in account receivables. Minimization in account payables.
Exchanged for Credit Note Debit Note
  • 5 answers

Nelvita Sharon 7 years, 2 months ago

Soory purchase-(inward) and sales-(outward) invoice

Nelvita Sharon 7 years, 2 months ago

Both purchase(outward invoice) and sales (inward invoice) book

Aryan Gamer 7 years, 3 months ago

Purchases book and sales book

Dheeraj Kunar 7 years, 3 months ago

Pur book

Sakshi Sharma ??️??️??️ 7 years, 3 months ago

PURCHASES BOOK
  • 1 answers

Priyanka Yadav 7 years, 3 months ago

Interest on drawing is income of business and interest on capital is expense for business
  • 1 answers

Aryan Gamer 7 years, 3 months ago

Suspense account is not disclosed in income statement. It is shown in balance sheet. If suspense account has debit balance then it will ve shown on asset side and if it has credit balance then it will shown on liabilities side
  • 1 answers

Gaurav Seth 7 years, 3 months ago

Subsidiary book is the sub division of Journal. These are known as books of prime entry or books of original entry as all the transactions are recorded in their original form. In these books the details of the transactions are recorded as they take place from day to day in a classified manner.

  • 1 answers

Srishti Khurana 7 years, 3 months ago

Tell the adjustment
  • 3 answers

Ankit Singh 7 years, 3 months ago

Meaning of liquid assets - which convertd into cash with short time is known as liquid assets . For example - cash in hand , cheque in head , bank balance etc.

Vishal Gujjar 7 years, 3 months ago

To sale fixed assets

Ankit Singh 7 years, 3 months ago

Meaning of liquid assets?
  • 1 answers

Suman Sharma 7 years, 3 months ago

Please write the question
  • 2 answers

Aryan Gamer 7 years, 3 months ago

Kon si publcation ka

Sakshi Sharma ??️??️??️ 7 years, 3 months ago

Kon se book ka
  • 1 answers

Himani ?? 7 years, 3 months ago

U can use internet or ncert book ... There u can find it ...
  • 1 answers

Kartik Choudhary 7 years, 3 months ago

Konsa schl ma padta hai apna teacher se jaka puchiyo
  • 1 answers

Kartik Choudhary 7 years, 3 months ago

Rs
  • 1 answers

Khushboo ?? 7 years, 3 months ago

Three extra days allowed to drawee after the due date
  • 1 answers

Himani ?? 7 years, 3 months ago

Vanakkam !!
  • 6 answers

Aryan Gamer 7 years, 3 months ago

400k cost 100k profit

Aryan Gamer 7 years, 3 months ago

Cost 40000 gross profit 10000

Kartik Choudhary 7 years, 3 months ago

375k

Harsh Agrawal 7 years, 3 months ago

400000 is correct answer

Satya Nishad 5 years, 11 months ago

Cost of goods sold =500000-125000 =375000

Satya Nishad 7 years, 3 months ago

Gross profit =5 00000 x 25/100 =125000
  • 4 answers

Khushboo ?? 7 years, 3 months ago

Accounting is a process of recording , classifying , summarising , analysing n interpreting it to the final users....

Himani ?? 7 years, 3 months ago

Oo thanks !! ?

Yash Thakur 7 years, 3 months ago

Accounting is an art of recording, classofying and summarising the business transactions & events of any company or any firm Hope it helps You By Yash Thakur ?

Ansh Garg 7 years, 3 months ago

Accounting is an art of recording , classifying , and summarising the business transactions and events which are in part of financial chracter and intrepret the result there of
  • 2 answers

Himanshu Jha 7 years, 3 months ago

And balance sheet :- We use assets, liability and capital

Sakshi Sharma ??️??️??️ 7 years, 3 months ago

Items included in the debit side of the trading account *Opening Stock: Opening stock consists of raw materials , work in progress and finished goods depending upon the nature of business. *Purchase. Purchase includes both credit purchase and cash purchase. ... *Purchase Returns. Purchase returns is appear in the credit side of trial balance. ... *Direct Expenses.
Hlw
  • 1 answers

Tushar Gupta 7 years, 3 months ago

Hey..

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