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Debasish Mishra

Ghansoli, Rabale, India- 400701.

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Overview

Debasish Mishra conducts classes in BBA Tuition, BCA Tuition and BCom Tuition. Debasish is located in Ghansoli, Mumbai. Debasish takes at students Home and Regular Classes- at his Home. He has 13 years of teaching experience . He is well versed in Oriya, English and Hindi.

Demo Class

No

Languages Spoken

Oriya, English, Hindi

Address

Ghansoli, Rabale, India- 400701.

Tally Software classes Overview

Tally Software classes

Teaches

Tally ERP 9

Class Location

Student's Home

Tutor's Home

Years of Experience in Tally Software classes

13

View all Classes

Reviews

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Answers by Debasish Mishra (2)

"What is revenue expenditure?" in   Tuition/BCom Tuition

Revenue Expenditures are incurred during the ordinary course of business for carrying out usual operational activities. And no future economic benefits are related to these expenditures. For Example: With the event of Purchasing one Machine, future economic benefits are related to this event. Because Business must have concern to manufacture the products using the machine for more than one year. Therefore, purchasing machine is not revenue expenditure, this is the capital expenditure. However, payment for factory wages, printing and stationary expenses, purchasing raw material are the revenue expenditures. Because the economic benefits will not be derived in future, the economic benefits derived are for particular financial year only. Capital Expenditure are always shown in the balance sheet at asset side., however revenue expenditure are treated as an expense item in Profit and Loss Account.

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"What are debits and credits?" in   Tuition/BCom Tuition

In double entry book keeping system, Debit (DR) and Credit (CR) have important roles to journalize the transactions. For Every debit, there must be equal amount of credit for balancing. The Golden Rules classifies the account in to 3 type and signifies the rules for debit and credit. 1) Personal Account ; 2) Real Account; 3) Nominal Account Rule For Personal Account- Debit the receiver and Credit the Giver Rule for Real account- Debit what comes in and Credit What goes out Rule for Nominal Account- Debit all Expenses / Losses and Credit all Incomes / Gains. The double entry accounting system also prevails the accounting equation, Asset = Liability + Equity The criteria for Debit and Credits are applicable for all elements in the accounting equation mentioned below. Asset- Increases (Debit) | Decreases (Credit) Liability- Increases (Credit) | Decreases (Debit) Equity- Increases (Credit) | Decreases (Debit) Note:The Net profit or portion of net profit always increases the values of Equity and at the same time Net Loses or Portion of Net Losses decreases the value of Equity Profit = Income - Expenses Losses = Expenses - income Therefore, increase in Income and Decrease in Expense are always Credit and Decrease in Income and Increase in Expense are always Debit.

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Debasish Mishra address

x
Tally Software classes

Teaches

Tally ERP 9

Class Location

Student's Home

Tutor's Home

Years of Experience in Tally Software classes

13

BCom Tuition

BCom Subject

Financial Accounting, Accounting Information Systems, Financial Management, Cost Accounting, Corporate Accounting, Management Accounting, Financial Analysis and Reporting

Experience in School or College

Class strength catered to

Group Classes, One on one/ Private Tutions

Taught in School or College

No

Class Location

Student's Home

Tutor's Home

Years of Experience in BCom Tuition

13

BBA Tuition

BBA Subject

Corporate Accounting, Financial Accounting, Fundamentals of Accounting, Financial Management, Management Accounting, Cost Accounting

Experience in School or College

Type of class

Regular Classes, Crash Course

Class strength catered to

Group Classes, One on one/ Private Tutions

Taught in School or College

No

Class Location

Student's Home

Tutor's Home

Years of Experience in BBA Tuition

13

Class XI-XII Tuition (PUC)

Board

ISC/ICSE, CBSE, State

ISC/ICSE Subjects taught

Accounts, Commerce

CBSE Subjects taught

Accountancy

Experience in School or College

Taught in School or College

No

State Syllabus Subjects taught

Accountancy

Class Location

Student's Home

Tutor's Home

Years of Experience in Class XI-XII Tuition (PUC)

13

Class IX-X Tuition

Board

ICSE, State, CBSE

CBSE Subjects taught

Accountancy

Experience in School or College

Taught in School or College

No

State Syllabus Subjects taught

English

Class Location

Student's Home

Tutor's Home

Years of Experience in Class IX-X Tuition

13

BCA Tuition

Experience in School or College

BCA Subject

Financial Accounting and Management, Accountancy

Type of class

Regular Classes, Crash Course

Class strength catered to

Group Classes, One on one/ Private Tutions

Taught in School or College

No

Class Location

Student's Home

Tutor's Home

Years of Experience in BCA Tuition

13

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No Reviews yet! Be the first one to Review

"What is revenue expenditure?" in   Tuition/BCom Tuition

Revenue Expenditures are incurred during the ordinary course of business for carrying out usual operational activities. And no future economic benefits are related to these expenditures. For Example: With the event of Purchasing one Machine, future economic benefits are related to this event. Because Business must have concern to manufacture the products using the machine for more than one year. Therefore, purchasing machine is not revenue expenditure, this is the capital expenditure. However, payment for factory wages, printing and stationary expenses, purchasing raw material are the revenue expenditures. Because the economic benefits will not be derived in future, the economic benefits derived are for particular financial year only. Capital Expenditure are always shown in the balance sheet at asset side., however revenue expenditure are treated as an expense item in Profit and Loss Account.

0
|
0

"What are debits and credits?" in   Tuition/BCom Tuition

In double entry book keeping system, Debit (DR) and Credit (CR) have important roles to journalize the transactions. For Every debit, there must be equal amount of credit for balancing. The Golden Rules classifies the account in to 3 type and signifies the rules for debit and credit. 1) Personal Account ; 2) Real Account; 3) Nominal Account Rule For Personal Account- Debit the receiver and Credit the Giver Rule for Real account- Debit what comes in and Credit What goes out Rule for Nominal Account- Debit all Expenses / Losses and Credit all Incomes / Gains. The double entry accounting system also prevails the accounting equation, Asset = Liability + Equity The criteria for Debit and Credits are applicable for all elements in the accounting equation mentioned below. Asset- Increases (Debit) | Decreases (Credit) Liability- Increases (Credit) | Decreases (Debit) Equity- Increases (Credit) | Decreases (Debit) Note:The Net profit or portion of net profit always increases the values of Equity and at the same time Net Loses or Portion of Net Losses decreases the value of Equity Profit = Income - Expenses Losses = Expenses - income Therefore, increase in Income and Decrease in Expense are always Credit and Decrease in Income and Increase in Expense are always Debit.

0
|
0

Debasish Mishra conducts classes in BBA Tuition, BCA Tuition and BCom Tuition. Debasish is located in Ghansoli, Mumbai. Debasish takes at students Home and Regular Classes- at his Home. He has 13 years of teaching experience . He is well versed in Oriya, English and Hindi.

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