Golden rules of accounting
Answer Posted / indu verma
real:= debit what comes in.
credit what goes out.
personal:= debit the reciver
credit the giver.
nominal:= debit all losses or expenses.
credit all income or gain.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How Are The Balance Sheet And Income Statement Connected?
what are the types of provisions that you would make for the end of a financial year?explain
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
why should we are preparing BRS
plz send me the apptitude question papers of wipro
Expand-------MUR
WHAT ARE EQUITY SECURITIES?
about tally erp9
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
what is forecast
Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
what is cost audit?