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Categories >> Accounting >> Accounting AllOther


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 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 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
# 2
This is the one of the Accounting rull of Golden rules of

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
# 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
# 4
furniture A/c Dr
To cash A/c
Is This Answer Correct ?    22 Yes 4 No
Prabhakar Shankar

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