Answer Posted / pravind kumar

These are most important the golden rules of accounts.


Personal Account Rule:
Debit the receiver
Credit the giver

Real Account Rule:
Debit what comes in
Credit what goes out

Nominal Account Rule:
Debit all expenses and losses
Credit all incomes and gains

what is book profit

2197

---

how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.

1946

---

Whatis new GL & Odd G.L What is the difference between these two.

2153

---

WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

2113

---

Expand-------NSAC

1929

---

Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not

7075

---

Who to create a budget on software company

2134

---

shares journal entries

2026

---

Which Invoice issued on Central Sale Commercial or Retail?

2053

---

What is revaluation of Accounts, how does it is accounted in business

1981

---

What are the objectives of accounting

1976

---

please specify some books name in preparing a bank exam apttirutude questions

2037

---

Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

2302

---

Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?

1891

---

What is payment/receipt/period accruals?

1734

---