Answer / kavita

There are three rules of accounting:

1. Real Account

In Real Account Debit What comes in,
Credit What Goes Out.

2. Personal Account

Debit The receiver
Credit The Giver

3. Nominal Accounts

Dr. All exp. and losses
Cr. All incomes and gains

Given the following entries from a TRIAL balance, what entries would fall where in a Balance Sheet & an Income Statement? Accounts receivables Merchandized inventory stores supplies office supplies prepaid insurance accumulated Dep accounts payable sales salaries advertising expense Miscellaneous expense Office salaries expense rent expense Depreciation expense Insurance expense Bad debts expense Allowance for doubtful debts Supplies expense

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Inflation

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What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.

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Payment made to creditors is a

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what are all the items comes under balancesheet(liability side & asset side) step by step.& also trading and p&l account. somany companies asking this type of question . please tell me...

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What is double-entry accounting? Explain with an example?

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Do you know executive accounting?

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