Golden Rules Accounts (15th nov-2009)
Answer Posted / sanjai t s
Accountancy has only one Golden Rule,,,, As the base of
accountancy stands upon these Golden Rules:::::::::::
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 expenses & losses
Credit all incomes & gains
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
please explain all accounting concepts n conventions in detail
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
What is budget variance analysis?
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
Tell me did you use accounting applications at your previous companies or prefer working manually?
WHAT IS OPERATING CYCLE?
What is the Full Procedure of Purchase ?
What are the disadvantages of manual accounting?
what is difference among credit, loan, advance
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.
6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?