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Golden rules of accounting
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Answer / mayur & gujar
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 & loses
credit all profit & gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venkatesh.j
real a/c : debit what come in
credit what goes out
nominal a/c :debit all expenses & loses
credit all profit & gain
personal a/c :debit the recevier
credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / yeshpal dinkar
Real a/c : Debit what comes in
Credit what goes out
Nominal A/c : Debit all expenses & losses
Credit all profit & gain
Personal A/c : Debit the receiver
Credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / deendayal
DEBIT THE RECEIVER
CREDIT THE GIVER
DEBIT ALL EXPENSES & LOSSES
CREDIT ALL PROFIT AND GAINS
DEBIT WHAT COME IN
CREDIT WHAT GOES OUT
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vijaychander
PERSONAL A/C : Debit the Receiver,
Credit the Giver.
REAL A/C : Debit what comes in,
Credit what goes out.
NOMINAL A/C : Debit all Expenses and Losses,
Credit all Incomes and Gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / devadoss
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 ? | 1 Yes | 1 No |
Answer / ranjan prasad biswal
REAL A/C :DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL A/C :DEBIT ALL EXPENSES & LOSES
CREDIT ALL INCOME & GAINS
PERSONAL A/C :DEBIT THE RECEIVER
CREDIT THE GIVERS
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / almighty
No one knows any thing they are fools and wasting other
times if they are well known than write the 4th golden
accounting rule
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / saravana.g
personal: The debit the recive
credit the giver
REal : Debit what comes in
credit what goes out
Nominal :Debit all expencessand lossess
Credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / k.durgadevi
PERSONAL A\C
DEBIT THE RECEIVER
CREDIT THE GIVER
REAL A\C
WHAT COMES IN
WHAT GOES OUT
NOMINAL A\C
ALL EXPENSES AND LOSSES
ALL INCOME AND GAINS
| Is This Answer Correct ? | 0 Yes | 0 No |
Tell Me the accounting concepts and explain the Prodence princeple concept
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Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5
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