Golden rules of accounting
- 369 Answers
- 647024 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answer Posted / v.r. madhavan
rule 1 - credit what comes in and debit what goes out
rule 2 - credit exps and losses and debit incomes and gains
rule 3 - credit the receiver and debit the giver
rule 4 - credit (what goes out+incomes and gains+giver)
debit (what comes in + exps and losses + the receiver)
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
in which group under we will open donation and hamali weekly payment account or ledger
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
What is Split And buy-back?
EXPAND___________NBW
While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"
what is Exposure ?
Short Answer on ___________fluctuating capital
why may types of accounts
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
what is a Depository Participant?
Expand---------PCDB
Expand-------ACNS
how to calculate share values of a company.
