Golden rules of accounting
Answer Posted / mohit verma
PERSONAL ACCOUNT DEBIT - THE RECEIVER
CREDIT - THE GIVER
REAL ACCOUNT DEBIT - WHAT COMES IN
CREDIT - WHAT GOES OUT
NOMINAL ACCOUNT DEBIT - ALL EXPENSES AND LOSSES
CREDIT - ALL INCOMES AND GAINS
Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
What are the stages involved while preparing business blue print with examples?
what are the difference between banking institutions and financial institutions?
what is the difference between speculation & investment?
What is difference between cash flow and funds flow?
Debit Note & Credit Note?
please explain the uses of internate protocol address(ip add)?
how many schedules are there in accounting?
How do you manage the sales account in tally
example of SOP
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
i have working in contruction company i want billing outside delhi pls. tell me can i bill with tax invoice party provide tin no.
What is Trade Recovery Estimate and how can we calculate it?
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
how to make a project accounting in tally erp9 ?