Golden rules of accounting
Answer Posted / ajit sharma
REAL ACCOUNTANT: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT.
NOMINAL ACCOUNTANT: DEBIT ALL EXPENSES & LOSSES
CREDIT ALL INCOME & REVENUES.
PERSONAL ACCOUNTANT: DEBIT THE GIVER
CREDIT THE RECEIVER.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
how to do finalisation account ,pls tell me step by step ?
What Settlement details are required on the delivery instruction slip?
what is Calculation of Gross Profit Or Gross Loss?
what is circuit filter?
Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail.
emplementation of accounting standerds in Bangladesh, developing or copieng?
What is Mean By FRS for HQ reporting, How To Prepare?
what is Journal Entries?
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
Who to create a budget on software company
Short answer on Allowances
what is Rectification of Errors ?
Expand-------URM
Is advance paid wages has credit balance?
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?