What are the 3 Basic Rules in Accounting.
Answer Posted / pallavi borhade
personal a/c - debit the receiver
credit the giver
Real a/c - debit what comes in
Credit what goes out
nominal a/c - Debit all the Expenses & Losses
Credit all the Incomes & Gains.
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Who to create a budget on software company
Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company
what is ledger account
what is exercise duty how to calculate that and how to update in tally
what is the difference between Tally ERP and SAP FI ECC?
what is dieerence between capital cpapital structure
WHAT IS THE PROFILE OF FINANCE EXECUTIVE IN TEXTILE INDUSTRY
Is depreciation a expense or income?
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
what is the process of excise duty?
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?
Short Answer on __________Measurement
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.