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Contra Entry :- If a transaction requires entries on both the debit and the credit sides simultaneously, it is called 'Contra entry...
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This is the basic concept of accounting. According to this concept, every financial transaction involves a two-folded aspect, (a)yielding ... -
Classify the following accounts into (a) personal accounts, (b) real accounts, and (c)nominal accounts: Furniture Account Salaries Acc...
A nice One =) Reminds me of my freshman year
ReplyDeleteThanks to all for the participation in the Accounting Quiz 1.
ReplyDeleteBelow are the answers to the Quiz.
1.True
2.Liabilities
3.True
Keep watching for Quiz 2.