What are the 3 Basic Rules in Accounting.
- 167 Answers
- 563515 Views
- AAA, ABC, Accenture, Amba Research, Birla Sun Life, CTS, CWDF, DELL, Franklin Templeton, iGate, IHP, JPMorgan Chase, Lexi Pens, Mastek, Trinity Technologies, VC Engineering, I also Faced
- E-Mail Answers
Answer Posted / hari jhanwar
1. Persnaol A/c Rule
Debit to receiver and Credit to giver.
2. Non-personal A/c rule
Debie to comes in and Credit to gose out.
3. Income & Expenditure A/c Rule
All Exp. and loss debited and All incone & profit
Credited.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
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%.
Reserve Capital and Reserve Capital
Expand-------CAN
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
Expand---------MNOP
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
how to mention last year profit of ay private limited company in current year balance sheet ?
Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it
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...
Who to create a budget on software company
why you want to join the banking and finance industry?
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
sort out the difference between service provider & service reciepient from the service tax.
In SAP FICO How many ways we are Procuring the assets in the Company?
If income and expense both are equal then what it depicts
