Please give me some info regarding how the accounts of a Transport organisatio is maintained. Which account is to be debited when consideration is received?
2 Replies
Aparna Raja K.C
(Student)
(520 Points)
Replied 03 August 2011
When consideration is received in cash
Dr. Cash account and Cr. Party account
When consideration is received by cheque or DD...
Bank A/c Dr to Party A/c
:)
Aparna Raja K.C
(Student)
(520 Points)
Replied 03 August 2011
identify the heads that will come in ur p& l or balance sheet...
and make accounts accordingly... :)
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