Golden rules of accounting
Answer Posted / vinita
Debit what comes in Real A/c
credit what goes out
Debit all Expenses & losses Nominal A/c
Credit all Incomes & gains
Debit the receiver Personal A/C
Credit the Giver
Is This Answer Correct ? | 7 Yes | 2 No |
Post New Answer View All Answers
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
what is GL Balance
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
what is similarites between tata motors and airtel
What is the quality of the accountant & rights ? hansika.kk@gmail.com
Expand---------TDCB
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
how many types of financial teribuanal? what is that?
How Many Types of Excise Duties?
What will be the consequences if the partnership is not registered
Difference between nonoperating expentiture and non cash expenditure
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?