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...

Golden Rules Accounts (15th nov-2009)

Answer Posted / madan pal singh

Personal Account: Debit the receiver
Credit the giver


Real Account: Debit what comes in
Credit what goes out

Nominal Account: Debit all losses & expesnses
Credit all incomes & gains

Is This Answer Correct ?    24 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what made you take up present subject/area of specialization and what would you define as your career objectives

2163


Tell me how you can adjust entries into account?

976


Why company issue shares at discount as its a loss ?

3055


Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

2788


Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?

1948


Define bills receivable?

1252


Tell me about an invoice discrepancy you discovered and how you resolved it

1070


Do you know what is the importance of team work in this position?

1033


Is it possible contra entry in SAP FICO

2355


Explain what is balance sheet?

1084


If a prospective client kept presenting you with excuses not to buy, what would you do?

1131


in trading credit why does goods sent on consignment come?

2024


Private purchases amounting to rs 5000 have been debited to purchases account

1493


a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?

2358


What is difference vat

2111