Golden rules of accounting
Answer Posted / santosh jamgonde
real a/c: debit the receiver
credit the giver
personal a/c : debit what comes in
credit what goes out
nominal a/c : debit the all the expenese & losses
credit the all the income & gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Provision of Bad Debts is made in compliance with the convention of -----------
what is purchase consideration?
What is meant by retiring Bill
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
Tell me the steps for Import and Export Thanks
Mention some of the major contributions made by you in your present and previous jobs
what is CDD’s configuration
How do you avoid loss situation
Short Answer on ___________fluctuating capital
Expand---------PCDB
What is back value adjustment/correction in Nostro Reconciliations?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
While selling fertilisers can we charge VAT on excise duty.
Expand------------STRA
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?