Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 712485 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 / sazam
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 income and gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pradnya
REAL A/C :- DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL ACCOUNTS :- DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNTS :- DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rajan mishra
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 RECEIVER
CREDIT THE GIVER
Rajan Mishra
Patna
| Is This Answer Correct ? | 0 Yes | 0 No |
PERSONAL A/C : debit the receiver
credit the giver
Nominal A/C :debit the all expenses and losses
credit the all income and gain
REAL A/C : debit what comes in
credit what goes out
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / narasimha murthy........alur
PERSONAL ACCOUNT :- Debit the receiver
Credit thr Giver..........
REAL ACCOUNT :- Debit what comes in
Credit what goes out........
NOMINAL ACCOUNT :- Debit all expenses & losses
Credit all incomes & Gains.........
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / saran
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 ? | 0 Yes | 0 No |
Answer / mani
Personal A/c- Debit the receiver.
Credit the giver.
Real A/c - Debit what comes in.
Credit what goes out.
Nominal a/c : Debit all Loss and Expenses
Credit all Incomes and gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ajit kumar
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 gains and incomes
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bandu deshmukh
there are three kinds of accounts.
1} Personal A/C
2} Real A/C
3} Nominal A/C
rules
Personal A/c = Debit the receiver
Credit the giver .
Real A/C= = debit what come in
credit what goes out.
nominal A/c = debit the all Expenses And losses
credit the all income and gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / deepak gupta
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 ? | 0 Yes | 0 No |
WHO ARE THE PROMOTERS?
Liabilities: 2006 2007 Assets 2006 2007 Trade Creditiors 100 40 Cash atBank 100 65 Bills Payable 50 60 Account/R 105 120 Outstanding Expenses 25 20 B/R 130 140 Bonds Payable 220 140 Inventory 110 40 Accumulated Depreciation: Machinery 120 160 -on Machinery 30 35 Building 300 310 -On Building 75 85 Land 60 130 Reserves 100 115 Patents 55 60 Retained Earning 130 170 share Capital 250 360 Profit from operation after providing Rs.10,000as depreciation on building and Rs.10,000 on machinery and Rs.5,000 as amortization on patents for the year 'April 06- March07' was Rs.35,000. Other revenues for the year were Rs.40,000. An old machine with original cost of Rs.15,000 was sold at a loss of rs.5,000. Prepare Fund Flow Statment and Cash Flow Statment for the year ending March 31 2007 based on the information given above.
what is difference between private firm and partnership firm?
Expand------MRTS
Can any one explain me how profitability analysis s implemented in Sap & tell me which tables get effected by this... i want to know about copa_derive msgtypes also...
What do you mean by invoice?
Let me know the situation when is a transaction affects one side of accounting equation
calls in arrears come under which group in tally?
does all exp and all incomes appear in profit and loss a/c???
Wat is the diff.between revenue and capital expenditure? Wat is meant by deffered revenue expenditure?
14 Answers TCI, TCS,
whts is the meaning of over cost and under cost, what is difference ?
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
Audit 
