what is the golden rules of accounting?
Answer Posted / n.srinivas
the personal and impersonal accounts are called golden rules
of accounting.
personal account: Dr the receiver
Cr the giver
impersonal accounts are 1)real account 2)nominal accounts
real account : DR what comes in.
CR what goes out.
nominal account: DR all expenses and losses.
CR all incomes and gains.
Is This Answer Correct ? | 24 Yes | 1 No |
Post New Answer View All Answers
what is the organisation chart for accounting and finance ?
How shall I calculate the true profit of my business, as I am a layman for accounting.
When is a dedit note raised When is an expense booked
define accounting,scope of account , types of account ?
how many schedules are there in accounting?
differences between liabilities and assessts
what is automatic payment in sap fico
Expand--------TAO
what is article of association? what is memorandum of association?
Short Answer on ________Adjusting Entries
What exactly balance sheet depicts
example of SOP
Short Answer on ______Amortization
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
Expand----------MTSC