Golden rules of accounting
Answer Posted / jiban tripathy
personal account:debit is the receiver
credit is the giver.
real account: debit what comes in ,
credit what goes out.
nominal account: debit what expenses & losses,
credit what incomes & gains.
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.
What is PE ratio formula ?
1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?
EXPAND___________INMA
Short Answer on ___________fluctuating capital
How shall I calculate the true profit of my business, as I am a layman for accounting.
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
wHAT ARE EVENTS
payroll calculation procedure explain completely?
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
Process of the settlement cycle?
Queries for Big4 Articleship : Whether son of CA in practice effects chances.
Can anyone mail journal entries for me? my Mail id rukmini@live.in
Name some errors which can be detected by Trial Balance
Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.