There are broadly  2 Type of accounts

1. Personnel Accounts

2. Impersonnel Accounts.

Personnel Accounts is an account maintained to record transactions with persons. Based on the classification of the persons personnel account can be of

1. Natural Personnel Account (Mr. Ram, Mr. Robert, Mr.Rahim)

2. Artificial Person (all entities like companies, banks, municipal corporations, all statutory or non statutory bodies)

3. Representative Person: Representing group transactions for group of persons like Salary Payable Account. Taxes payable account.

Where as Impersonnel Account shall be of Two types.

A. Real Account      B.Nominal Account.

Real Accounts are accounts to record transactions relating to Assets. Like Cash, Plant & Machinery etc., These type of accounts are permanent accounts.

Nominal Accounts are the accounts used to record the transactions relating to Income and Expenses. Like Salary, Power, Sales etc., At the end of the year all the nominal accounts are closed by transferring to Profit and loss account or Income and Expenditure account. The net differnce shall be carried forwarded to Balance Sheet.

TDS Meaning :

TDS means TAX DEDUCTABULE AT SOURCE. It is charged on Base Amount. 

TDS is tax charged by the customer who gets the services from Vendor or supplier. Here Customer is responsible to charge it and pay to the government.

Different types of TDS : 

1) TDS on salary has to be deducted on salary paid to employee by employer if it crosses the tax limit. And pay to the government on or before due date.

2) In case of TDS on contractors or profession or others, there is slab that min tax, surcharge,  education cess plus higher education cess, it is different and finance minister may change or keep same or remove in every year budget. Secondly you can deduct the TDS on bill amount while paying or if advance is paid.

The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him.

Employee Travel and Expense Report (ETER ) / Direct Pay / Unencumbered Goods and Services

- The ETER is examined for compliance with Travel policy by the accounting clerk prior to submission to Accounts payable

- Accounts Payable enters ETER Information into Banner as a Direct pay, generates a Banner invoice number, and records invoice information

- Reimbursement checks for ETERs will be processed within five business days after a completed and correct ETER is received by Accounts payable and scheduled for payment in the payment cycle following.

- ETERs should be submitted within  60 calendar days of incurring the expenses. TEARs submitted for expenses older than two months will not be processed nor reimbursed.

P1+r1004P1+r1005=11+r100 =100100+r=100120=56 

Total amount for two years =  1000×1.52=2250

 Now , interest for third year = 2250×50×1100=1125

Time from 12 p.m on monday to 2 p.m on the following monday = 7 days 2 hours = 170 hours

Therefore, The watch gains 2+445 min. or  34/5 min. in 170 hrs.

Now, 34/5 min. are gained in 170 hrs.

Therefore, 2 min are gained in 170×534×2 hrs = 50 hrs

Therefore, Watch is correct 2 days 2 hrs. after 12 p.m on monday i.e it will be correct at  2 p.m on wednesday.

Angle traced by hour hand in 17/2 hrs = 36012×172o = 255 

Angle traced by min hand in 30 min = 36060×30o = 180 

Therefore,  Required angle = (255 - 180) = 75o