Answer Posted / swamy

1. Debits always equal credits
2. Increases do not necessarily equal decreases and,
3. Assets - liabilities = owner's equity (the accounting
equation).

and


There are three accounts
1. Personal
2. Real
3. Nominal

The three golden rules are
1. personal Account
Debit the receiver & Credit the giver

2. Real Account
Debit what comes in & credit what goes out

3. Nominal Account

Debit the expenses & Losses & Credit the Income & gain

cany anyone explaing what are the functions of an Account Officer/Manager?

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am attend to bank exam(iob)pls send model questions

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company accounts introduction?

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Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

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Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it

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if we have credit 50 % rg23c part ii first and not credit next balance 50 % .when we have do?

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Clasify Loss

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When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?

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Expand-------ASRT

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difference between office expense and miscelleanous expense with some examples

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