Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / vipin kumar rustagi
FUNDAMENRALS OF ACCOUNTING : VERY IMPORTANT IS DEBIT &
CREDIT.
THERE IS THREE TYPES
1.PERSONAL A/C, 2. NOMINAL A/C, 3. REAL A/C.
IN PERSONAL A/C :(DEBIT THE RECEIVER
CREDIT THE GIVER).
NOMINAL A/C: (DEBIT ALL EXPENDITURE
CREDIT ALL INCOMES).
REAL A/C:(WHAT COMES IN
WHAT GOES OUT).
FINALLY WE GOT THAT DEBIT & CREDIT IS MAIN FUNDAMENTAL OF
ACCOUNTING.
| Is This Answer Correct ? | 40 Yes | 8 No |
Post New Answer View All Answers
Short Answer on ________Adjusting Entries
what did you mean by cash credit limit account ?
How shall I calculate the true profit of my business, as I am a layman for accounting.
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
What is money measurement concept
Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
What is meant by Nostro Reconciliation
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
Expand-------NAC
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
Telly ERP9 is perfect accounting softwear in excise unit.
what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?
How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer
