golden rules of accounting?
how bank earn profit?
Answer Posted / geetha
Three Golden rules are as follows;
1) Personal A/c-Debit the Reciever and credit the Giver.
2)Real A/c - Debit what comes in and credit what goes out.
3)Nominal A/c - Debit all expenses and Losses and credit
all Incomes and gains.
And how the Banks earn Profit;
Banks will take the deposits from public with Low rates of
interest and gives the loans by charging high rate of
interest and banks also gives overdraft facility to the
public and on that also they charge high rate of interest.
Is This Answer Correct ? | 32 Yes | 1 No |
Post New Answer View All Answers
why would you like to opt nbp
What is inter-corporate deposits? and where it is shown in balance sheet?
what is corporate accounting?
Why does one need a broker?
i have working in contruction company i want billing outside delhi pls. tell me can i bill with tax invoice party provide tin no.
Straight line method to using Indian company names
How do we return the loan in equal installments with interest in tally
How do you handle lack of direction or working in chaos
Expand-------MTRS
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer
what is Contra Asset?
Short Answer on ______________Import Trade
npa is either person or account
what is status report? and flow report?