Golden rules of accounting
Answer Posted / banajit haloi
Personal a/c-- Debit the Receiver
Credit the Giver.
Real a/c--Debit what comes in
Credit what goes out.
Nominal a/c--Debit expenses or losses
Credit gains or incomes.
Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
what is CDD’s configuration
Expand SCERT
Can anybody tell me how much salary m show in my resume for expection for the next job m graduate 2year accounts experience?
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
Define Payee
What is written off?
What is COVER payment?
Breif notes about accounting standards
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
shares journal entries
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
impairment & Amortisation Means
.,can someone tell me how to compute the subscribed capital share?
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
Example for extra ordinary expenditure?