what is the rule of debit and credit.
Plz detail answer.
thankful to you

Answer Posted / pardeep kumar

DR. means is "Due To That"
CR. maens is "Due For That"

Is This Answer Correct ?    5 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Define the word Profit in terms of business

1679


Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.

1534


If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.

1724


WHAT IS CORPORATE ACTION?

1610


You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1469






Define `Realisation` Account? Explain the salient features?

2539


EXPAND______________ICC

1731


EXPAND_________TOEFEL

1664


can we get all interview questions with answers in tally 9 which mostly asked in MNC's.

1901


1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??

1625


Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?

1802


what are the important steps to take during the conversion of an accounting system.

1493


What are the stages involved while preparing business blue print with examples?

302


how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?

1457


What is the Finalization of Accounts?

1776