Answer / sanjay kshirsagar

debit the receiver , credit the giver- personal accouint
debit all expenses and losses, credit all incomes and gains-
nominal account
debit what comes in, credit what goes out- real account

Answer / ayush rungta

financial accounts is classified into three parts:
1. real account - all assets, bank, debtors, cash
2. personal account - all representative account
3. nominal account - all incomes gain loses expenses

golden rules to be applied on transactions;

1. real account - debit comes in credit goes out
2. personal account - debit the reciver credit the giver
3. nominal account - all expenses & loses r debited all
gain & incomes credited
note ; in some transactions golen rule is not applied
therefore mathematical rule is to be applied.

why you want be a qs

0 Answers  

---

how two calculate capital a/c

2 Answers   TATA,

---

what are the cost audit and management audit?

2 Answers  

---

What is the meaning of ADVANCE TAX, TDS Deducted and PREPAID Taxes ?

1 Answers   Shah Enterprises,

---

What do you see as "a good job"?

0 Answers   Ernst Young,

---

Can I alter Original Tax invoice(pharma) at warehouse in respect of Batch,nomuntilature,quantity,value etc.?

1 Answers  

---

what is GSP . Pls clear it

3 Answers  

---

what do you mean by documentation

3 Answers  

---

Give an example of when you had to change the way you did something in order to solve a problem ?

0 Answers   Ernst Young,

---

Should Sales tax filing be done ? If yes , why ? explain.

1 Answers  

---

Do you need to be an expert at something in order to lead a team?

0 Answers   Ernst Young,

---

Explain the difference between internal audit and statutory audit?

0 Answers  

---