Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What are the rules of Account?

Answer Posted / aashutosh biswas

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER

Is This Answer Correct ?    6 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is capital adequacy ratio? What is demat account?

1061


What is your role in planning?

1182


What is a ledger? What do you mean by ledger posting?

1090


Write about the media role in daily life

2097


bank releted question interviw plz tel me

2553


What are the characteristic features of financial accounting?

1027


Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.

1899


Do you possess any knowledge about accounting standards?

1060


where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?

4170


After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?

1764


if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year

1899


Explain what knowledge should financial accountant have?

1092


what is the deference between depreciation explanation

2178


What is a ledger?

1070


What are the columns of a journal?

1177