What are the golder rules of Accounts ?
- 35 Answers
- 77907 Views
- Abhipra, Accenture, Bajaj Allianz, Blue Star, Genpact, HP, IBM, TCS, Wipro, I also Faced
- E-Mail Answers
Answer Posted / shailendra kumar
GOLDEN RULES OF ACCOUNTING are: 1. Debits ALWAYS EQUAL
Credits;
2. Increases DO NOT NECESSARILY EQUAL Decreases; and,
3. Assets - Liabilities = Owner's Equity (The Accounting
Equation).
| Is This Answer Correct ? | 33 Yes | 55 No |
Post New Answer View All Answers
HOW TO MAINTAIN BANK A/C
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
A----------involves transfer of money or moneys worth from one person to another
what tax will be on puchasing of sweets and is necessery to use form 38.
Can anyone mail journal entries for me? my Mail id rukmini@live.in
Expand---------DBPC
What is meant by Nostro Reconciliation
Please share different type of Z report
In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
When is a dedit note raised When is an expense booked
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
what are your plans after completing your MBA (or) studies ?
