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  • 1 answers

Gaurav Bansal 8 years, 3 months ago

Because this is assets and also income receivable in future.
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Gaurav Bansal 8 years, 3 months ago

Those expenditure which are occurring in every year(recurring nature) called revenue expenditure. e.g.,salary,rent,etc Those expenditure which does not occurring in every year (non-recurring nature) called capital expenditure.e.g.,building purchase, furniture purchase, etc.
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Gaurav Bansal 8 years, 3 months ago

Purchases a/c Dr.20000 To raghu. 20000
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Apeksha Dhyani 8 years, 3 months ago

purchase a/c Dr to x a/c
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Lalit Sharma 8 years, 3 months ago

Receipt and payment account by Dr all receipt and cr all payments. In income and expenditure account only revenue receipt are taken and in balance sheet all assets in side and all liability are in liabilities side
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Rakhee Singh 8 years, 3 months ago

If the Trial Balance does not tally, the difference is put to a newly opened account "Suspense account" & the trial Balance is thus made to tally.It is a temporarily account.

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