Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 703819 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answer Posted / avinash dixit
Real A/c Debit what comes in
Credit what goes out
Personal A/c Debit the Receiver
Credit the Giver
Nominal A/c Debit all exepenses & losses
Crediot all incomes & gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what are the different kinds of cash books
What is COVER payment?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
im preparing for the sbi clerical post please send me the solved questions.
I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.
how there prepare bank interview
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
what is capital market and money market? what is primary market and secondary market?
wht can u do for the growth of bhel?
what is exercise duty how to calculate that and how to update in tally
what is ZBA hold & balance hold in banking?
What are motive behind mergers And acquisitions?
Transfer nett profit of Rs 325000/- to Reserves and Surplus
Short Answer on ________Adjusting Entries
what is the difference between Tally ERP and SAP FI ECC?
