Golden rules of accounting
Answer Posted / m.meyyappan
Personal account:Debit the receiver
Credit the giver
Real Account :Debit what comes in
:Credit what goes out
Nominal Account :Debit all expenses & losses
:Credit all Receipts and gains
| Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
please give the sbi bank clerk exam paper model in last five years?
what is transposition-cum-demat?
What is difference between cash flow and funds flow?
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
what is the nature of bill receivable and consignmenta/c
Why you want to leave your present job while they offer you with good offer?
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
why you want to join the banking and finance industry?
What is Direct Debit
Can I check my Vantage credit score range online?
What is the working formula for Working Capital Turnover
Expand SOIT
MMT and MID payment how post in tally
which kind of expenses or Income will come under direct expenses or Income ?
Expand---------EDP