what are the golden principle of accounting?
- 10 Answers
- 17711 Views
- Bank Of America, Capital IQ, Genpact, Jenpac, I also Faced
- E-Mail Answers
Answer Posted / shravan singh
there are three type of accounting they are
1.personal account.
debit the reciver.
credit the giver.
2.real account.
debit whats come in.
credit whats goes out.
3.nominal account.
debit all expenses and losses.
credit all income and gains.
| Is This Answer Correct ? | 37 Yes | 1 No |
Post New Answer View All Answers
What is Inventory Control?
whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector
what is Contra Asset?
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
Define control account Thanks
can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?
what's accounts payable
what are the rules and regulations of junior accountant
Breif notes about accounting standards
What is contract accounting?
what is dieerence between capital cpapital structure
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
Expand------ARN
i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me
