Golden rules of accounting
Answer Posted / aradhana
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
when customer debit a value amount that would pay to
customer from bank and when customer credit that would be
income for bank and lose amount for customer because bank
will get an extra amount when they are paying to customer.
Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
what is the process of excise duty?
Short Answer on __________Accrued interest
what is debit/credit note ? what deffered income and expencess?
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
What are the question asked for accounts associate
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
what is a Depository Participant?
what do u mean by comparative budget?
What is mamimum rate of CST applicable on Plastic Doors in NOIDA?
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
Expand--------OTA
What is limit of turnover for registering under CST & limit of Form 'C '
emplementation of accounting standerds in Bangladesh, developing or copieng?