What are the basic rules in accounting.

Answer Posted / neha

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 ?    29 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

which type audit for your company account

1810


What is the role of internal audit?

714


what is the steel consumption per sq ft for ground plus 12 floors

1100


Explain intangible assets?

764


HOW TO DO LEDGER SCRUTINY?

2451






What Is Social Audit?

757


What are documents need to vouch while doing sales vauching?

1004


What is audit trail in siebel?

734


How do you feel u contributed to its effectiveness?

1733


What are objectives of internal audit?

714


what is the difference you can make by doing your course in the country of your choice

1741


Define vouching?

629


What sort of image do you have?

1878


How can scope of internal audit help you?

696


accounting & audit system of film production enterprises

1997