Golden rules of accounting
Answer Posted / manish kumar shaw
Personal Account :-
Debit the receiver
Credit the giver.
Real account :-
Debit what comes in
Credit what goes out.
Nominal Account :-
All expenses and losses are Debit
All incomes, profits and gains are Credit.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Entrance Exam question & Answer required
what is budgetory control and what are the types
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
What is Summarising
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever
how to mention last year profit of ay private limited company in current year balance sheet ?
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
what type of questions are asking for fund administration???
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
what is the main link between the income statement and the balance sheet?
What are the duties of sales tax department? Explain it