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  • 4 answers

Suhani Sharma 7 years, 4 months ago

debit

Sneha Agrawal 7 years, 4 months ago

Debit

Rahul Gupta 7 years, 4 months ago

Debit

Raj Singh 7 years, 4 months ago

Debit
  • 1 answers

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

Machinery A/c. Dr80,000 To cash A/c 80,000
  • 2 answers

Pawan Kumar 7 years, 4 months ago

When the aceptor of the bill refuse to pay the amount of the bill on the date of maturity or become insolvent it is called dishonour of the bill.

Prabhjot Singh 7 years, 4 months ago

Cancel hona
  • 3 answers

Shashi Pathak 7 years, 4 months ago

Sam. Dr To sale In the books of ram and Pur. Dr To ram In the books of sam Because,their are cridet transaction

Nikhil Dwivedi 7 years, 4 months ago

Ram a/ c dr to sale a/c

Ayush Pal 7 years, 4 months ago

Sam. Dr To sales
  • 4 answers

Shashi Pathak 7 years, 4 months ago

Its not write question

Bhupinder Singh 7 years, 4 months ago

I think it is wrong

Aditya Loomba 7 years, 4 months ago

Ansari a/c......dr To purchase a/c

Bhupinder Singh 7 years, 4 months ago

Before preparing trial balance
  • 2 answers

Nishu Nishu 7 years, 4 months ago

Hmm.. Thats good

M.Pragathesh 2002 7 years, 4 months ago

Because I liked it
  • 5 answers

Vandana Aggarwal 7 years, 4 months ago

Here you are receiving the shares as investment which is your Real Account so Rule for Real Acc is Dr what comes in and Cr what goes out.

Secondly regarding purchases and sales of goods. You must be well aware that in purchase and sale accounts we show only those items in which the business deals e.g. Computer is a good for a computer dealer but a fixed asset for a grocery store.

So purchase and sale of goods are shown in purchases and sales ac while purchase and sale of fixed assets are shown in their respective account.

Fixed assets are real accounts so we apply the rule I've mentioned earlier.

In case of purchase and sale of goods...purchases and sales ac are nominal ac...and we aplly the rule dr all expenses and losses while cr all incomes and gains.

Purchases is an expense so it is dr

Sales being income is credited 

Nikhil Dwivedi 7 years, 4 months ago

Because according to golden rule debit is receiver and credit is giver thats why purchase always debit and when you purchase you give the cash and here cash is gone and in which you invest money thats name is debit. For example purchase goods 20000 then its general entry is purchase a/c dr to cash a/c.

Nishu Nishu 7 years, 4 months ago

Why purchase will not credit? ?

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

INVESTMENT / SHARES A/c. Dr5,000 TO CASH / BANK A/c 5,000

Vanshika Narang 7 years, 4 months ago

Investment a/c Dr. 5000 To cash. 5000
  • 2 answers

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

GST stands for Goods and Services Tax. Goods and Service Tax (GST) is a type of tax introduced in India from July 2017. GST is a consumption based tax ultimately borne by the end consumer of a goods or service. Throughout the value chain, businesses and consumers pay GST on their purchases.

Nishu Nishu 7 years, 4 months ago

It is type of indirect tax which is levied on the time of sale.
  • 1 answers

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

GST stands for Goods and Services Tax. Goods and Service Tax (GST) is a type of tax introduced in India from July 2017. GST is a consumption based tax ultimately borne by the end consumer of a goods or service. Throughout the value chain, businesses and consumers pay GST on their purchases.
  • 3 answers

Sonu Chouhan 7 years, 4 months ago

Assets:-Anything which is the posssession or property of a business enterprise including the amounts due to it from other. Assets may be classified into two categories:-1)Non-current Assets.It is may be classified into two types :a)Tangible Assets and b)Intangible Assets 2)Current Assets

Nishu Nishu 7 years, 4 months ago

All those properties which belongs to a business is called assets. 1.fixed 2.current 3.tangible 4.Intangible

Suman Sharma 7 years, 4 months ago

Assets are valuable and economic resources of an enterprise useful in its operations.Assets can be broadly classified as: 1. Current assets 2. Non-current assets a) Tangible assets b) Intangible assets
  • 3 answers

Suman Sharma 7 years, 4 months ago

Depreciation A/C Dr... To machine A/C

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

Cost of machinery is not given

Keshav Bindal 7 years, 4 months ago

What is the cost of machinery?
  • 3 answers

Nikhil Dwivedi 7 years, 4 months ago

Prepaid rent a/c dr ..........to rent a/c

Keshav Bindal 7 years, 4 months ago

Prepaid Rent A/c Dr. .......To Rent A/c

Harsh Mittal 7 years, 4 months ago

Prepaid rent ac d.r To cash ac
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  • 0 answers
  • 6 answers

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

REPUTATION AND CREDIT BUILDING Reputation and business credit scores can be improved by the simple act of establishing and operation a sound accounting information system in an organization. The belief is that any company that has the got to have an accounting system in place will be efficient in all other aspects of business operations.

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

PREVENTION OF FRAUD AND DISCOVERY OF FRAUD Frauds can only be discovered and prevented in an environment where there is good internal control in place. And a good internal control cannot be in place where there is no form of keeping track of events. Accounting and accounting information system is the only way of keeping track of all these in an effective and efficient manner. GETTING OF FUND AND LOANS You cannot get loan from financial institutions if you cannot present your financial state of affairs in an acceptable manner. Accounting as a communication tool obviously have generally accepted formats which financial institutions and banks use as a basis for measuring the risk of a business.

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

RECORD KEEPING No economy will stand well economically if records are not well kept and acted upon. Accounting is one of the primary vehicles of record keeping. Data are gathered from their various sources, collated, organized, analysed, interpreted and communicated to the end users for an informed economic decision making that will in the long run yield positive fruit. Countries are able to plan their economic activities are chiefly as a result of the valuable information gathered through all forms of accounting (making use of statistical tools). Governments use the records of companies to make fiscal and monetary policies.

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

ANALYSIS PURPOSE/ DECISION MAKING All our business and economically informed decision making are based on sound analysis of financial statement which is a product of accounting information system. Without a properly kept account, this objective will probably not been achieved and business executives will all be acting in blindness. Investors both current and potential base their investment analysis on accounting information. Information on: profitability, liquidity, efficiency etc are all obtained from the information provided by accounting information system

Amrit Raj 7 years, 4 months ago

I need this answer more long.. (for 6 marks)

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization.
  • 1 answers

Pawan Joshi 7 years, 4 months ago

1 jan Y .Dr 4000 To cash 4000 1 jan B/R...... Dr.. 3900 Discount Ac...Dr 100 To Y 4000 1 jan Z ac Dr... 3980 To B/R 3900 To discont rec 80 4 April y .... Dr 3800 To Z 3800
  • 1 answers

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

A voucher is an accounting document representing an internal intent to make a payment to an external entity, such as a vendor or service provider.
  • 0 answers
  • 2 answers

Nikhil Dwivedi 7 years, 4 months ago

Rent a/ c dr 3000 prepaid rent a/ c dr 7000........to cash a/ c10000

Arpit Mishra 7 years, 4 months ago

Rent a/c. Dr. 3000 Prepaid rent a/c. Dr. 7000 To cash a/c. 10000
  • 2 answers

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

ASSETS ARE THE PROPERTY OWNED BY AN INDIVIDUAL OR BUSINESS WHICH CAN BE MEASURED IN TERMS OF MONEY.

Amrit Kaur 7 years, 4 months ago

Assets are the property of business
  • 3 answers

Krish Satija 6 years, 11 months ago

Thanks ??

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

A provision is an amount that anyone put in aside in his accounts to cover a future liability. The purpose of a provision is to make a current year's balance more accurate, as there may be costs which could, to some extent, be accounted for in either the current or previous financial year.

Krish Satija 7 years, 4 months ago

Btado
  • 0 answers
  • 1 answers

Mini Sharma 7 years, 4 months ago

Divide rent by months to find the rent for 1 mnth then it is said that one mnth rent is outstanding so keep that in outstanding rent in liab. And add in rent as outstandind rent.
  • 1 answers

Prince Kumar 7 years, 4 months ago

bank a/c .......dr. 14500 | discount allowed.....dr. 500 | to nairan's a/c | 15000
  • 1 answers

Vedangi Bartaria 7 years, 4 months ago

Dividend equalisation reserve is a specific reserve created to give dividend in case of low profits to preferential share holders.

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