Golden rules of accounting
Answer Posted / san.p
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 exp and losses
credit all incomes and ains
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?
What is the quality of the accountant & rights ? hansika.kk@gmail.com
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
what about case study
i am the student of icwai (intermidiate) What is the tds and how use the different state ..
For what purpose ERS is used for?
i have need full detail of tds rules and forms submitted dovetails
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
How to increase our credit rating score quickly?
Is WCT paid to be considered as overhead during costing in construction firm?
Can anyone mail journal entries for me? my Mail id rukmini@live.in
objective of accounting
Expand---------PSRT
what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?