Written on Nov, 13, 2011 by in | Leave a comment

To record the business transactions, first of all we have to create the account heads as per the nature of the transactions.  There is a golden rule in recording the business transactions that is:- one account is to be debited and other account is to be credited. According to the classification of accounts,  we follow the following golden rules for …

Written on Nov, 12, 2011 by in | Leave a comment

Keeping in view the different type of transactions in a business firm, the accounts can be classified into following three categories:- a) Personal Accounts:- All the transactions relating to any person, company and firm, are called personal accounts. For example proprietor’s capital account, bank accounts, insurance company’s account, customers account, suppliers account etc. Some time, similar type of transactions relating …


Related pages


disqualification of an auditorcartage costrectification entriestds rate on salarydebtors and creditors on balance sheetincome tax tds certificatehow to deposit tds in bankmeaning of commutationdifference between auditing and investigationvoucher in accounting definitionan example of a contra account isp&l layoutmanufacturing account format examplecalculation of remuneration to partnersformat of cash memovoucher receipt samplewhen tds to be deductedjournal entry for contingent liabilityincome tax slab for ay 2014 15 calculatortally meaning accountingsteps to prepare bank reconciliation statementbank reconciliation proformamediclaim for parents tax exemptionincome tax slab for ay 2014 15 for femaleaccounting sales returnshow to maintain general ledgerwhat is meant by debtorsppf illustrationtds applicabilityform 26 asincome tax for 2013-14accounting ledger samplesundry debtors definition accountingduty drawback received accounting treatmenttally 7.2 notessunk fundincome tax india e paymentreceipt voucher formatbank reconciliation statement proformaconvence definitiondeduction from gross total incomewhy trial balance is prepared26 as tdsbank reconciliation in tallywhat is sundry assetssundry accountingworking capital requirement investopediacommision income definitiontax rate for fy 2014 15accrued interest entryhow to write cash book and ledgerhow to write a diary entry in hindideduction under chapter vi aloss from house property income taxaccounting ledger notebooktally 9 erp tutorial pdftds deposited onlinebank reconciliation statement easy methodwhat does sundry meanaccounting errors that affect the trial balancetrial balance opening balancesingle column cash book formattele accounting softwarecash book entriestds in hindiledger entry in accountingbrs bank reconciliation statementhow to prepare p&l and balance sheet from trial balancetax salary calculator indiacash voucher sampleunlisted shares capital gains taxtally reference manualillustration of income tax calculationtds on property above 50 lacsexample of capital reserve