srinivas


{ City } hyderabad
< Country > india
* Profession * accounts assistant
User No # 15856
Total Questions Posted # 41
Total Answers Posted # 1

Total Answers Posted for My Questions # 83
Total Views for My Questions # 297251

Users Marked my Answers as Correct # 24
Users Marked my Answers as Wrong # 1
Questions / { srinivas }
Questions Answers Category Views Company eMail

what is the entry for accumulated depreciation?n why it is used?when it is necessary?

OPI Global,

1 Accounting AllOther 3118

what is sox? why it is used?

OPI Global,

3 Accounting AllOther 18477

what is the entry for accumulated depreciation?n why it is used?when it is necessary?

OPI Global,

2 Accounting AllOther 7037

what is WIP?

Genpact, Shore Infotech,

4 Accounting AllOther 9795

what is the entry for accounts receivables and accounts payables? what is the entry for bills receivables and bills payables?

Genpact, The Hindu,

7 Accounting AllOther 29393

what is exact entry for cash receipts and cash payments? did sales n purchases invoices are issued to this receipts n payments?

BoA,

4 Accounting AllOther 6561

what is status report? and flow report?

Genpact,

Accounting AllOther 1623

explain liquidity Damages?

Bhel,

2 Accounting AllOther 6714

explain sales/purchase accounting?

Accenture,

Accounting AllOther 1740

what are the content of purchase order?

Accenture, Capital IQ,

Accounting AllOther 1628

would gross expenditure vouch the correctness or otherwise of the given expenses?

Wipro,

Accounting AllOther 1584

what are the types of provisions that you would make for the end of a financial year?explain

 Accounting AllOther 1480

is 'loan' categorized as billpayable?explain

 2 Accounting AllOther 3343

can depreciation on live stock?

 2 Accounting AllOther 5449

explain purchase cycle?

 4 Accounting AllOther 10316

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Answers / { srinivas }

Question { Chartered Accountant, 12085 }

what is the golden rules of accounting?


Answer

the personal and impersonal accounts are called golden rules
of accounting.

personal account: Dr the receiver
Cr the giver

impersonal accounts are 1)real account 2)nominal accounts
real account : DR what comes in.
CR what goes out.

nominal account: DR all expenses and losses.
CR all incomes and gains.

Is This Answer Correct ?    24 Yes 1 No