what is golden rules of account?
Answers were Sorted based on User's Feedback
Answer / bikash knata tripathy
personal a/c - debit the receiver, credit the giver
real a/c - debit whats comes in, credit whats goes out
nominal a/c - debit all expenses & losses, credit all incomes
and gains
Is This Answer Correct ? | 36 Yes | 0 No |
Answer / shravanthi
Personal account-Debit the receiver
Credit the giver
Real account-----Debit what comes in
credit what goes out
Nominal account----Debit all expences & losses
credit all incomes & gains
Is This Answer Correct ? | 11 Yes | 0 No |
Answer / manish kumar
Personal account-Debit the receiver
Credit the giver
Real account-----Debit what comes in
credit what goes out
Nominal account----Debit all expences & losses
credit all incomes & gainsv
Is This Answer Correct ? | 2 Yes | 0 No |
are tpt, freight & packing charges part of sales & purchase ??
Do you know partitioning in accounting?
PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN
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what s account
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what is the difference bitween Consolidated and Parent Companies?
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why sales amount comes in Credit Side in Trial Balance ?. Please give me Explanation Why Purchase amount comes in Debit side in Trial Balance ?. Please give me explanation.
what is tds and how it is calculating