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


tally erp 9 helpreverse charge mechanism for legal servicesbank statement sbivoucher system accountingtax deduction at sourceexamples of capital receipts and revenue receiptscash ledger booktally inventory managementhow to use tally erp 9 step by stepnarration in bankingwho is sundry debtorstally erp bookexplain the purpose of a trial balanceis ppf interest taxabletally 9.0 bookcommutation pensionsample ledger sheetincome tax slab 2014-15 calculatorsample credit memodefine cash receiptshare premium reserve definitionwhat is the meaning of voucher in accountingmeaning of trade creditorstds deduction statustax slabs 2013-14income tax slabs for 2013-14creditors control account definitiondifferent types of vouchers in accountingqualification and disqualification of an auditortds rate on bank fd interestdebit and credit entries in trial balancecash cheque receipt formatcontra payment letterrules of debit and credit with examplestds interest paymentdirect expenses and indirect expenses listlist of indirect expenses in accountingexplain bank reconciliation statementhow to calculate income tax in indiawhat does commuted meanwhat is direct expenses and indirect expenses in accountinghow to calculate vat tax in indiawww incometaxindia gov in e paymentdifference between carriage and freightdifference of accounting and bookkeepingwho is required to deduct tdstally voucher entryvoucher accounting definitiontds amount on salarysinking fund meanssundry payables definitionsources of redemption of debenturesincome tax slab 2013 14 assessment yearwhat is a bank overdraft in accountingposting to ledger accountscash voucher format in excelwhat is a sundry debtortally 9erpchargeable income formulacalculation of income tax on salary 2013-14credit interest capitalised in hdfc bankcommuted pensionsecurities premium reserve meaningtds to be deducteddefine trade creditorsdefinition of cartagetds deduction on bank interestsample cash voucher templateincome tax 2011-12stcgsinking fund debentureshow to calculate tds in tallyexamples of general ledger entries