golden rules of accounting?
how bank earn profit?
- 10 Answers
- 33855 Views
- Bank Of America, I also Faced
- E-Mail Answers
Answer Posted / geetha
Three Golden rules are as follows;
1) Personal A/c-Debit the Reciever and credit the Giver.
2)Real A/c - Debit what comes in and credit what goes out.
3)Nominal A/c - Debit all expenses and Losses and credit
all Incomes and gains.
And how the Banks earn Profit;
Banks will take the deposits from public with Low rates of
interest and gives the loans by charging high rate of
interest and banks also gives overdraft facility to the
public and on that also they charge high rate of interest.
| Is This Answer Correct ? | 32 Yes | 1 No |
Post New Answer View All Answers
Anyone whose sbi interview has been over , please share all the question asked by them
Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com
What are the Types of invoices batching? & what is 3 way batch?
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....
where is suspense entry is entered in tally erp9
What is 100% EOu? what is the benifit and what is difficulty of it?
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
What is the difference between reserve and provision.
what is mixed invoice, prepaid invoice,quick invoice,podefault invoice,withholding tax invoice,please explain me in detail?
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
What are the benefits ofparticipation in a depository?
