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srinivas


{ City } hyderabad
< Country > india
* Profession * accounts assistant
User No # 15856
Total Questions Posted # 41
Total Answers Posted # 1

Total Answers Posted for My Questions # 97
Total Views for My Questions # 347379

Users Marked my Answers as Correct # 24
Users Marked my Answers as Wrong # 1
Questions / { srinivas }
Questions Answers Category Views Company eMail

what is the entry for accumulated depreciation?n why it is used?when it is necessary?

OPI Global,

1 Accounting AllOther 4185

what is sox? why it is used?

OPI Global,

3 Accounting AllOther 20099

what is the entry for accumulated depreciation?n why it is used?when it is necessary?

OPI Global,

2 Accounting AllOther 8500

what is WIP?

Genpact, Shore Infotech,

4 Accounting AllOther 11945

what is the entry for accounts receivables and accounts payables? what is the entry for bills receivables and bills payables?

Genpact, The Hindu,

7 Accounting AllOther 31781

what is exact entry for cash receipts and cash payments? did sales n purchases invoices are issued to this receipts n payments?

BoA,

4 Accounting AllOther 8528

what is status report? and flow report?

Genpact,

1 Accounting AllOther 2145

explain liquidity Damages?

Bhel,

2 Accounting AllOther 7795

explain sales/purchase accounting?

Accenture,

1 Accounting AllOther 2291

what are the content of purchase order?

Accenture, Capital IQ,

1 Accounting AllOther 2167

would gross expenditure vouch the correctness or otherwise of the given expenses?

Wipro,

1 Accounting AllOther 2173

what are the types of provisions that you would make for the end of a financial year?explain

 1 Accounting AllOther 2054

is 'loan' categorized as billpayable?explain

 2 Accounting AllOther 4536

can depreciation on live stock?

 2 Accounting AllOther 6632

explain purchase cycle?

 4 Accounting AllOther 12085

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Answers / { srinivas }

Question { Chartered Accountant, 15785 }

what is the golden rules of accounting?


Answer

the personal and impersonal accounts are called golden rules
of accounting.

personal account: Dr the receiver
Cr the giver

impersonal accounts are 1)real account 2)nominal accounts
real account : DR what comes in.
CR what goes out.

nominal account: DR all expenses and losses.
CR all incomes and gains.

Is This Answer Correct ?    24 Yes 1 No