what is the princple of debit & credit?
- 2 Answers
- 4639 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / meelap
GOLDEN PRINCIPLE OF ACCOUNTS
1ST PRINCIPLE OF PERSONNEL A/C.
DEBIT THE RECEIVER AND CREDIT THE GIVER
2ND PRINCIPLE OF REAL A/C.
DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT
3RD PRINCIPLE OF NOMINAL A/C.
DEBIT ALL EXPENSES AND CREDIT ALL INCOMES
by Meelap Joshi - meelaap@yahoo.com
| Is This Answer Correct ? | 22 Yes | 0 No |
Answer / bhaskar
What we receive is debit.
What we give is Credit
| Is This Answer Correct ? | 10 Yes | 4 No |
Explain me what do you think is bank reconciliation statement?
Tell me the meaning of long-term notes payable is or long term liabilities?
what the three thing that can not make accounting statement balance?
how to pass return cheque entry in tally erp 9
1 Answers College School Exams Tests,
A computer purchased for the use of Branch & payment would be made by company. What would be the entry in the books of Branch ?
What is the rate of penalty charged when the given Vat Cheque dishonoured?
How much statistics knowledge is necessary or required in accounting?
how can we make a TDS entry in tally 9? Rent EXp : 10000 TDS on rent : 10% Party name : Mr, X Bank : SBI
what is debit and credit in accounting
What is mis report , how to prepare mis report for general ledger?
hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj
Which accounting application you prefer most and why?
Audit 
