Golden rules of accounting
Answer Posted / ghansham kannake
REAL A/C : DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL A/C : DEBIT ALL EXPENSES & LOSSES
CREDIT ALL INCOMES & GAINS
PERSONAL A/C : DEBIT THE RECEIVER
CREDIT THE GIVER
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
What is communicating
What is Inventory Control?
why specifically inited states ?
Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
HI, FREINDS, I WANT TO KHOW IS THE CFP (CETICFIED FINANCIAL PLANNER) IS A GOOD COURSE, IS THEY ANY INSISTUTE IN HYDERABAD,IF ANY ONE DOING THIS COURSE PLEASE REPLY ME.
What is limit of turnover for registering under CST & limit of Form 'C '
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
What is Merger?
Explain about Fixed capital
EXPAND_________SDJMC
Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.
Explain significance of Nastro and Vastro in accounts?
Short Answer on ______________Import Trade