Golden rules of accounting
- 369 Answers
- 645660 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 / b.s.prakash
Personal Account : Debit the receiver
Credit the giver
Nominal Account : Debit all expenses and losses
credit all incomes and gains
Real Account : Debit what comes in
Credit what goes out
| Is This Answer Correct ? | 255 Yes | 53 No |
Post New Answer View All Answers
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
When we are raised a interstate invoice then which type invoice we are raised
how to do finalisation account ,pls tell me step by step ?
what are the different causes for discrepencybetween the balance of cash book and pass book
why do u want to join bpo sector
In sales what rule applicable
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
where we have file E-returns in SAP FICO-CIN/Wtax?
it is better to invest in which securities short term/long term or both? please reason4 the same
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
What is the accounting treatment for finance lease in lessee's viewpoint?
what is the difference between speculation & investment?
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
