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Q. Show Debit and Credit column?
- Debit column. In the debit column the sum of the debit is on the same line as the title of the account debited.
- Credit column. In the credit column the sum of the credit is on the same line as the title of the account credited.
Why to and by using in journal, trading a/c, p&l a/c and ledger?
what is assets and its type ?
Assume we had given tour advance to party how to treat entry and which head have to given expenditure? Ans) Cash/Bank a/c DR To Party(name)a/c (Advance Paid For Tour)
what is journal entry
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he chairperson of the accounting department has three summer courses available: Accounting 201, Accounting 202, and Accounting 305. Twelve faculty members are available for assign
Received $170,000 cash from Electronic Arts, Inc. for service revenue earned in January.
A sweep account is actually a grouping of two or more accounts at a bank. It is useful in managing a steady cash flow among a cash account where scheduled payments are made from an
A company has been depreciating its IT equipment over 5 (five )years, but now finds that it is becoming obsolete in 3 years. What does the consistency principle allow the comp
Q. Advantages of Weighted-average? Weighted-average: Advantages because of the averaging process the effects of year-end buying or not buying is lessened. Drawback Manipulation
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