ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
Explain "DEBIT WHAT COMES IN CREDIT WHAT GOES OUT"
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
it is one of basi accounting priniciples. if we purchase
anything for cash.
the goods are coming inside and cash is going outside.
goods purchases a/c dr.
to cash a/c
 
Is This Answer Correct ?    92 Yes 7 No
Sk
 
Answer
# 2
This is the one of the Accounting rull of Golden rules of
Accouting

Real Account is nothing but " Debit what comes in Credit
what goes Out.

For exp: Land purchased

Entry: Land A/c Dr
To Cash A/c Cr
in this exp debit comes in means Land will come our company
Credit what goes out means Cash will go out of the company
 
Is This Answer Correct ?    60 Yes 4 No
Koteswara Rao
 
 
 
Answer
# 3
This is the defination of Real Account & parts of Golden
Rule where anything come it will debit & anything goes it
wll credit ie,

Furniture A/c ------------Dr
To Cash/BAnk
 
Is This Answer Correct ?    28 Yes 4 No
Sourabh Singh
 
Answer
# 4
furniture A/c Dr
To cash A/c
 
Is This Answer Correct ?    22 Yes 4 No
Prabhakar Shankar
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Please let me know the journal entry for the below. "A" paid Rs.100 to "C" on behalf of "B"   7
what is the need for accounting standard?   1
what is a reconcilation statement HP 9
types of accounts and its rules   3
What is revenue recognition.   1
whats is depreciation? formula for calculating deprecation ? JPMorgan-Chase 9
Sale of old furniture recordrd as sales a/c. recify it   5
what is the Meaning W.D.V in balance sheet.   2
Paid the club bills out of his personal funds? state whether the the following transcation is business transcation or non business transcation? with reson or explaination?   1
Does the Summary Income and Expenditure account in the Charities SORP comply with the Companies Act 1985?   1
what is mutualfunds? Karvy 4
hi friend iam looking for a Accounting job can any body help me for the interview questions. can any body send me the Accounts intervoew questions please this is my email:-subhashnaidu1984@gmail.com   2
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com