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Golden rules of accounting..

Answer / anshad

asset increase debit asset decrease credit
expense increase debit expense decrease credit
income decrease debit income increase credit
liability decrease debit liability increase credit

Is This Answer Correct ?    2 Yes 0 No

Golden rules of accounting..

Answer / k.y.shifana

personal a/c : debit the recevier
credit the giver
real a/c :debit what come in
credit what goes out
nominal a/c :debit all expenses and loses
credit all incoms and gains

Is This Answer Correct ?    2 Yes 0 No

Golden rules of accounting..

Answer / neelesh goklani

real a/c- dabit what comes in
credit what goes out
nominal a/c-dabit all exp & loss
credit all income and rev
personal a/c -dabit the giver
credit the recevier

Is This Answer Correct ?    2 Yes 0 No

Golden rules of accounting..

Answer / karthikraja. k

Personal Account: Debit the receiver
Credit the giver
-------------------------------------------
Real Account : Debit what comes in
Credit what goes out
---------------------------------------------
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
------------------------------------------------------

Is This Answer Correct ?    2 Yes 0 No

Golden rules of accounting..

Answer / ashish shrivastava

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER

Is This Answer Correct ?    2 Yes 1 No

Golden rules of accounting..

Answer / aradhana

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT


NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES


PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER

when customer debit a value amount that would pay to
customer from bank and when customer credit that would be
income for bank and lose amount for customer because bank
will get an extra amount when they are paying to customer.

Is This Answer Correct ?    2 Yes 1 No

Golden rules of accounting..

Answer / sandeep agarwal

Personal Accont: Debit the receiver of the benefit
Credit the receiver of the benefit
Real Acconut: Debit what comes in
Credit what goes out
Nominal Account: Debit all Expenses and Loses
Credit all incomes and gains

Is This Answer Correct ?    2 Yes 1 No

Golden rules of accounting..

Answer / fareed khan

Real Account: Debit what comes in.
Credit what goes out.
Nominal Account: All Expenses & losses are debit.
All Incomes & Profits are credit.
Individual Account: Debit the Receiver.
Credit the giver.

Is This Answer Correct ?    2 Yes 1 No

Golden rules of accounting..

Answer / sirajunisha

Personal account:Debit what comes in, Credit what goes out.

Real account :Debit the receiver while Credit the giver.

Nominal account :Debit all expenses and losses, Credit all
incomes and gains.

Is This Answer Correct ?    2 Yes 1 No

Golden rules of accounting..

Answer / chandure

Personal account: Debit the receiver
Credit the giver.

Real account : Debit what comes in
Credit what goes.
out.

Nominal account : Debit all expenses
Credit all incomes & Gains.

Is This Answer Correct ?    2 Yes 1 No

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I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?

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what is the differences among issued,paidup,authorised,subscribed capitals?

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why is TDS treated as an asset while preparing Balance sheet.

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Suspence A/c is ___________ Account? a) Real b) Nominal c) Personal d) All

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what is contigent liability and state some examples also.

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how to solved the shares qusionas ?

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What is the working formula for Working Capital

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WHERE ARE ISSUE H FORM?WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?

1 Answers   Cognizant,


why may types of accounts

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Expand B E S

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