Golden rules of accounting
Answer Posted / dhanasekar & balaji
Real A/C : Dr. What come in
Cr. What goes out
Personal A/c: Debit the receiver (The person)
Credit the Giver (The person)
Nominal A/C : Dr. All expense & loss
Cr. All incomes & gains
Representative Personal A/C:
Deals with Accruals, Received in Advance, Outstandings,
etc....
Valuation A/C:
Deals with all provisions.
This is the way of professional accounting and auditing by
any CA/CWA/CS!
Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
How exchange rates are maintained in sap
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
What is 100% EOu? what is the benifit and what is difficulty of it?
fiscal year variant Vs posting period variant
Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
what is Calculation of Depreciation for 4 to 5 Years?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
why do you want to work here?
can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?
Expand-------NAST
All shot cut key use in the tally software & it's uses
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
if jj form not cancelled within 1hour,wat to do