wat is the golden rule of accounting
Answer Posted / rajender reddy.k
THERE ARE THREE GOLDEN RULES OF ACCOUTING:
1.PERSONAL A/C: In which debit the receiver 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
Is This Answer Correct ? | 30 Yes | 3 No |
Post New Answer View All Answers
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
What is batch input? why we use batch input session in SAP(FICO)?
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
what are doucement required under registration of properity firm. give the answer breif
what is payment written
What does the financial statement of the company include?
payment voucher for advance salary
What elements of your job do you find most difficult?
What is a contra entry
How can you do credit control?
Tell us why did you select accounting as your profession?
Who uses accounting?
Let me know the liability positions of Partners
Tell us what inspired you to move to the next opportunity?