Answer Posted / hussain
1. Real Accounts : Debit what comes in
Credit what goes out
2. Nominal Accounts : Debit All Expenses And Losses
Credit All Income And Gains
3. Personal Accounts : Debit the Reciver
Credit the Giver
Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
How can you made payment when bill come from vendor, what is the bills have you check.
What is the Project Accounting in case of Real Estate or Construction Co`s ?
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.
How is an accounting department structured?
Do you know any other accounting application?
Do you know public accounting?
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
is we can prepare any account for partnership in tally
what is revenue recognition rule, and can you specify the answer.
What is liabilities and what all does include in current liabilities?
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
Explain under what type of account does the unearned revenues fall?