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Khushboo Tiwari 8 years, 6 months ago

1Accounting is not fully exact.2 accounting does not indicate the realisable value 3 accounting ignores quatative elements 4 accounting may lead to window dressings.
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Swati Kandwal 8 years, 6 months ago

Drawing a/c Dr. To bank a /c
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Kiran Deep 8 years, 6 months ago

Cash to capital
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Naveen Sharma 8 years, 6 months ago

Sales Book:

1. Sales book is a part or sub-division of journal.

2. Sales book is a sub-division of journal and this book is not divided into debit and credit sides.

3. Sales book contains the information about the credit sales of goods only.

4. Total balance of sales book is transferred to the credit side of Sales Account.

Sales Account:

1. Sales account is a part of ledger.

2. Sales account is a part of ledger and is divided into two sides’ viz. debit and credit.

3. Sales account contains the information about the total sales of goods, because in this book cash sales and total of credit sales from the sales book are recorded.

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Ashish Aggarwal 8 years, 6 months ago

Account book maintain with subsedery books like ledger, cash book, received book ,payble book, payable received book ,journal book etc
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Anamika Dubey 8 years, 6 months ago

they are all add in capital account and cash amount in cash account, building amount in building account ,furniture amount in furniture account, plant amount in plant account.
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Anamika Dubey 8 years, 6 months ago

Purchases accout debit. 16000 To bank account 16000 20000×20÷100=4000 (trade discount) then 20000-4000= 16000

Kiran Deep 8 years, 6 months ago

Purchases a/c. Dr. 4000 To bank a/c. Cr. 4000 ( being good purchased in discount )

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