Interested to Buy Any Domain ? << Click Here >> for more details...
What are accounting Principles?
- 152 Answers
- 334580 Views
- Accounting, Banking, Eskom, EXL, Finance, Fluor Daniel, Genpact, HSBC, IBM, Infosys, JPMorgan Chase, State Bank Of India SBI, Syntel, Vibha Seeds, Wipro, Wrox, I also Faced
- E-Mail Answers
Answer Posted / t.koti reddy
Accounting Principals:
Personal Account:Debit the receiver
Credit the giver
(accounts recording transactions with
person)
Real Account : Debit what comes in
Credit what goes out
(It is relating to tangible things like
goods, cash,Buildings,Bills Receivable)
Nominal Account : Debit expenses and losess
Credit incomes and gains
(It is relate to the losses, gains,
expenses and incomes like rent salaries
Bad debts.....)
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
What is the scope of finance function?
What Should I Do If I Discover That I Forgot To List A Creditor In The Bankruptcy Schedules?
What is Public expenditure?
What is 'consolidated fund'?
Tell us something about adb? Who are its members?
Are There Additional Documents And Other Requirements In A Chapter 13 Case? What Is Required In The Chapter 13 Plan?
what are your strengths & weekness ?
What is Balance on current account ?
WHAT ARE THE SECTIONS OF SOX THAT ARE RELATED TO INTERNAL CONTROL?
What do you mean by amortization and impairment?
What are the threats to internet security?
Do Banks have reservation? If yes, what is the percentage?
What do you mean by financial accounting?
Iam an MBA student.I need guidance to prepare for AMAZON COMPANY. can u post papers to ammuprathyu@ymail.com
what is the short cut to retrieve the last line which is removed in Tally ERP 9?
