Interested to Buy Any Domain ? << Click Here >> for more details...
what is the golden rules of accounting?
- 8 Answers
- 15232 Views
- Chartered Accountant, I also Faced
- E-Mail Answers
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 accounting treatment for finance lease in lessee's viewpoint?
Explain valuation methods of Normal and Abnormal loss
Expand---------TDCB
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
Expand--------SOT
what is participation right is it a debt? or not?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
In sales what rule applicable
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
Who to create a budget on software company
Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com
What are motive behind mergers And acquisitions?
Expand-------NBTA
Anyone whose sbi interview has been over , please share all the question asked by them
