Tag: develop the understanding for posting of transactions and balancing of accounts

Advance in Suppliers A/c

Advance from Customers A/c

Provision for Doubtful Debts A/c

Provision for Depreciation A/c

Creditors

Stock of Raw-materials

Debtors

Stock of Finished Goods

Ram's A/c

Ram & Sons A/c

Ram & Sons Ltd A/c

ICICI Bank A/c

An Asset Account

A Liability Account

A Revenue Account

An Expense Account

Interest A/c

Outstanding Interest A/c

Advance Interest A/c

Accrued Interest A/c

An Asset Account

A Liability Account

A Revenue Account

An Expense Account

Goodwill A/c

Patents A/c

Technical know-how A/c

Work-in progress

Provision for Doubtful Debts A/c

Provision for Discount on Debtors A/c

Reserve for Discount Creditors A/c

Provision for Depreciation Account

Bad Debts Account

Bad Debts Recovered Account

Goods destroyed by fire A/c

Embezzlement A/c

Income Ta Account

Drawing Account

Income Tax Payable Account

Business Expenses Account