Answer Posted / sitaram sawant
There are Three fundamentals principles
1. debit the receiver and credit the giver
2. debit what comes in and credit what goes out
3. debit all losses or expenses and credit all gain or
income
| Is This Answer Correct ? | 32 Yes | 16 No |
Post New Answer View All Answers
Please share different type of Z report
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
what is investment banking
what is joint venture?
cany anyone explaing what are the functions of an Account Officer/Manager?
EXPAND_________SCM
Expand------------STRA
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
i want know how to calculate it in payroll please mail me the percentages using there ?
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
What is the difference between reserve and provision.
Can you explain about the distinction of Book-Keeping and Accounting
Data flow of Accounts payable to General ledger?