Interested to Buy Any Domain ? << Click Here >> for more details...
What is the 3 basic rules in accounting by account?
What is the 3 type in basic rules?
- 6 Answers
- 8135 Views
- I also Faced
- E-Mail Answers
Answer Posted / guest
There are 3 types of accounts namely
1.Personal account
2.Nominal account
3.Real account
Rule for personal account
*debit the receiver
*credit the giver
Rule for nominal account
*debit all expenses & losses
*credit all incomes &gains
Rule for real acount
*debit what comes in
*credit what goes out
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what is cnc machine hour rate? how it is calculated?
Expand-------NAST
What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?
Short Answer on _____________Whole Sale Trade
outstanding expenses, prepaid or unexpired expenses
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
• What is depreciation and the method?
What is DRA in bank reconciliation.
what is the procedure of interview question in genpact
The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
Data flow of Accounts payable to General ledger?
Define The Term Journal And Explain The Present Day Use?
The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
