Golden rules of accounting
- 369 Answers
- 647264 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answer Posted / sam
Personal Account - Debit is receiver
Credit is giver
Nominal Account - Debit all the losses and expenses
Credit all the profit and gains
Real Account - Debit what comes in
Credit what goes out
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
WHAT IS PROSPECTUS?
While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
where we use the convetion of conservatisam in real life??
3. 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%.
In SAP FICO How many ways we are Procuring the assets in the Company?
how to do finalisation account ,pls tell me step by step ?
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
How can I find out my credit rating score for free?
What is PE ratio formula ?
What Settlement details are required on the delivery instruction slip?
What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)
Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
what is data entry? what is report generation ?in accounting how it is used .
what is an advance against expenses
