Answer Posted / rajesh
The golden rules of accounts are:
1. Personal Account:
Debit the reciever
credit thegiver.
2. Real Account:
Debit what comes in
credit what goes out.
3. Nominal Account:
Debit all expenses and losses
credit all profit ang gains.
| Is This Answer Correct ? | 16 Yes | 4 No |
Post New Answer View All Answers
What will be entry pass in tally if TDS paid by Credit Card.?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
DESCIBE EXPORT PROCEDURE
what is mean by ledger
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
Hi friends ineed finacial analyst interview question Pls share it
Hi frnds, can any one tell me how much funds has to be there to convince financially sound during the visa interview and what supporting documents has to be produced. What is backlogs means.....hope the best known will answer.
genpact uk based shift timings? and R2R job profile?
what is the use of accounting standards
Clasify Loss
paid two years rent N1200, bought Motor van for cash N3000
what are micro-cap, small-cap, mid-cap, large-cap companies?
what is a meaning of track record in tally software when we maintain the inventory entry what is role of track record
What is Merger?