Golden rules of accounting
- 369 Answers
- 646455 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 / ramkumar
Personnel account ioncludes all ledger accounts of
individuals HUF company firm etc... E.g Ram's a/c sham and
co ABC comp-any limited etc....
Real A/c includes all assets and liabilities a/c.. Eg cash
a/c bank a/c fixed assets current liabilities....
Nominal A/c includes all direct and indirect incomes and
expenses a/c e.g salary a/c commission a/c rent a/c etc...
Debit all expenses and losses
credit all incomes and gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Can you explain about the distinction of Book-Keeping and Accounting
Expand---------MRDT
What is the definition of LOSS. Give the formula if any.
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
What is deffered income
what is a Depository Participant?
where is suspense entry is entered in tally erp9
what is the frienge benefits tax?what is usefull?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
define bank Draft
Provision of Bad Debts is made in compliance with the convention of -----------
In case of new admission of partner what will be the adjustment for the sharing ratios
What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?
What is meant by advance ruling? What is the scheme of advance rulings?
I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.
