Golden rules of accounting
Answer Posted / k kiran kumar
there are 4 Golden Rules of accounting
1 personel * debit the receiver
* credit the giver
2 real * debit what comes in
* credit what goes out
3 nominal * debit all expences and losses ex discount
recieved,commission received
* credit all incomes and gains ex salary,
rent,advertisment,
4 personel representive a/c
Is This Answer Correct ? | 196 Yes | 103 No |
Post New Answer View All Answers
can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
fridge was capital or revenue?
what's accounts payable
what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.
fiscal year variant Vs posting period variant
can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com
When is a dedit note raised When is an expense booked
what is Functional Specification in SAP FICO?
What is the difference between Deffered Tax Assets & Deffered Tax Liabilities
Expand-------------BRTS
please give me a last 10 years sbi clerk question and answer paper
HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.
Expand---------PDCB
Expand-------CSNA