Interested to Buy Any Domain ? << Click Here >> for more details...
what is golden accounting rules
- 3 Answers
- 6101 Views
- HCL, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / yoga
The Golden of Accounting is
1.Personal a/c debit the reciver credit the giver,
2.real a/c debit wat comes in credit what go's out,
3.naminal a/c debit all expensess and loss credit all
income and gains
| Is This Answer Correct ? | 18 Yes | 0 No |
Answer / sanjaya kumar parida
golden rule is the general rules for posting the transaction
in the book of account.there is a specific rules for
personal,real and nominal account.such as
for personal-dr the receiver and credit the giver
for real-debit what comes in and credit what goes out
for nominal-debit all expenses and losses where as credit
all income and gain.
| Is This Answer Correct ? | 5 Yes | 0 No |
1.DEBIT ALL EXPENSES LOSSES CRRDIT ALL GAINS AND PROFIT
2.DEBIT WHATS COMES IN CREDIT WHATS GOES OUT
3.DEBIT THE RECEIVED CREDIT THE GIVER
| Is This Answer Correct ? | 3 Yes | 0 No |
what is the difference between "reserve" and "fund"
what is single entry system
How do I pass entries towards advance paid to program ependiture. ex: Rs.20000 advance paid to Program officer. and he come back with program expenses venue Rs.1000, food expenses Rs.10000 and travel Rs.4000 and accommodation Rs.6000. Kindly give me the answer that how do I pass the entries and how should I adjust advance.
3 Answers Communication for Development and Learning,
what is Inward & outward remittances
What is Contribution?
if sale is rs 500000 lac and book profit is around 40000 thousand, what is the procedure to pay salary to working partner.should is pay as per deed or should i go with slab in which i can pay 90% of book profit as salary
Tell me do you possess any knowledge about accounting standards?
which date is effected in books related bank recancilation transaction date or value date?
why should we treat closing stock credit side in trading account , and why the reason the closing stock should not appear in the trial balance ?
3 Answers Capital IQ, XL Dynamics,
what is red ink interest
1 Answers ICAI, NTTF Nettur Technical Training Foundation, Wipro,
How we can write in figure RS (Eleven Lacs Eleven Thousand Eleven Hundred and Eleven rupees). Please suggest me write answer.
Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
Audit 
