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Riya Sahu 8 years ago

day of grace are 3extra days added in due date when drawee is not able to pay certain amount of money in given date then 3extra days given to drawee thats called days of grace
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Lalit Panwar 8 years ago

Cash basis Accrual basis Hybrid/Mixed basis.
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Rajat Soni 8 years ago

THNX FOR TEACHING ME THAT

Rajat Soni 8 years ago

OK

Rishita Sahu 8 years ago

Owners,employees

Rajat Soni 8 years ago

SRY IM STUDENT OF PCM
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Rishita Sahu 8 years ago

Opening entries closing entries
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Sameer Bhargav 8 years ago

Profit & loss A/C because it is indirect expenses
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Shivam Gupta 8 years ago

study the revision notes and solve the practice paper
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Swami Jee 6 years, 4 months ago

Every debit must have a corresponding credit. According to Dual Aspect Concept, every transaction has two aspects, a debit and credit of equal amount.

Every entry into the financial records of a business must balance with an equal value in debits as in credits however there could be different numbers of debits and credits therefore not a one for one matching. In double-entry accounting every debit has a corresponding and equal credit.

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Riya Sharma 8 years ago

Generally accepted accounting principle are the guidelines to carry on accounting practices
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Riya Sharma 8 years ago

Book keeping is the primary stage of accounting
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Aakash Das 8 years ago

HuTiya
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Sakshi Jain 8 years ago

Bank means one bank while banks means many bank.

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