Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Answer Posted / arul sakthi

GOLDEN RULES OF ACCOUNTING:

I. PERSONAL ACCOUNT:

i. DEBIT THE RECEIVER
ii. CREDIT THE GIVER

II. IMPERSONAL ACCOUNT

1.REAL ACCOUNT:

i. DEBIT WHAT COMES IN
ii. CREDIT WHAT GOES OUT

2. NOMINAL ACCOUNT:

i. DEBIT ALL EXPENSES AND LOSSES
ii. CREDIT ALL INCOMES AND GAINS

Is This Answer Correct ?    16 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

total capital stock

2103


How can you actualize cah flows of 5 years at 8%

2136


Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1865


to attend interview for real estate company accounts

2076


is indian bank or canara bank CBS brach?

2097


What is Merger?

2381


What is Merchandising Accounting process

2066


discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?

1894


let me know the difference between net cash flow and income

2262


Short Answer on ___________Finance Bill

2028


Can v transfer trail balance to journal entry how and with example?

2247


What is difference between cash flow and funds flow?

2322


WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

2136


What is the process of VAT & CST Registration?

2514


why you want to join the banking and finance industry?

4676