what are the golden principle of accounting?
Answer Posted / anjali
1. Real A/C - Debit what comes in and Credit what goes out
2. Personal A/C - Debit the receiver and Credit the giver
3. Nominal A/C - Debit all expenses and losses, Credit all incomes and gains.
Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
explain about mergers & aquisitions? asked on 30/7/09
wht can u do for the growth of bhel?
Reserve Capital and Reserve Capital
what is contigent liabilities? whats it status in balance sheet?
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
Why you choose commerce faculty & not science or Why you are in commerce & not in science ?
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
Expand-------CAN
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
why may types of accounts
How can I explain p2p process in SAP?