Examples each for golden rules of accounting
Answer Posted / monu
debit the reciever
credit the giver
debit what comes in
credit what goes out
debit all exp.and losses
credit all income and profit
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Tell us do you have any professional experience of this field?
Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!
What is the equation for acid-test ratio in accounting?
whats the sales tax slab and company's turnover professional tax slab
get fixed assets items
what is the nature of profit and loss approprition account.which entity prepare this.
what is the difference between profit center area and business are.? please make me clear.
rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.
DIFFERNCE BETWEEN RESERVE AND FUND?
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
Explain me by saying, perpetual or periodic inventory system; what do we mean?
What is the abbreviation for the accounting terms debit and credit?
if any otion in tallyerp9 version about doing Luxury tax work
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?