Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 712305 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
Answers were Sorted based on User's Feedback
Answer / anshad
asset increase debit asset decrease credit
expense increase debit expense decrease credit
income decrease debit income increase credit
liability decrease debit liability increase credit
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / k.y.shifana
personal a/c : debit the recevier
credit the giver
real a/c :debit what come in
credit what goes out
nominal a/c :debit all expenses and loses
credit all incoms and gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / neelesh goklani
real a/c- dabit what comes in
credit what goes out
nominal a/c-dabit all exp & loss
credit all income and rev
personal a/c -dabit the giver
credit the recevier
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / karthikraja. k
Personal Account: Debit the receiver
Credit the giver
-------------------------------------------
Real Account : Debit what comes in
Credit what goes out
---------------------------------------------
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
------------------------------------------------------
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ashish shrivastava
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / aradhana
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER
when customer debit a value amount that would pay to
customer from bank and when customer credit that would be
income for bank and lose amount for customer because bank
will get an extra amount when they are paying to customer.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sandeep agarwal
Personal Accont: Debit the receiver of the benefit
Credit the receiver of the benefit
Real Acconut: Debit what comes in
Credit what goes out
Nominal Account: Debit all Expenses and Loses
Credit all incomes and gains
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / fareed khan
Real Account: Debit what comes in.
Credit what goes out.
Nominal Account: All Expenses & losses are debit.
All Incomes & Profits are credit.
Individual Account: Debit the Receiver.
Credit the giver.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sirajunisha
Personal account:Debit what comes in, Credit what goes out.
Real account :Debit the receiver while Credit the giver.
Nominal account :Debit all expenses and losses, Credit all
incomes and gains.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / chandure
Personal account: Debit the receiver
Credit the giver.
Real account : Debit what comes in
Credit what goes.
out.
Nominal account : Debit all expenses
Credit all incomes & Gains.
| Is This Answer Correct ? | 2 Yes | 1 No |
i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???
If eqityshares are issued as consideration for purchase of machinery will it effect the cashflow statement?
Expand N G O
Why we Deduct TDS?
plz send me the apptitude question papers of bank of america.
2 Answers Accenture, Bank Of America,
if salary p.m rs 70000 what will the rate of tds for assessment year 2011-2012
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
What is Pettycash book ? What ledgers should i make in Tally 7.2 ?
how do you prepare the mis reports and prepare the one example report stating your accounts department proforma
please tell me that fictitious account is what type of account i.e real,nominal or personal account??
Expand----------STO
What do u mean by GDP, explain in detail?
Audit 
