Interested to Buy Any Domain ? << Click Here >> for more details...
What are the golden principles of accounting? Give an
example for each.
- 3 Answers
- 14572 Views
- I also Faced
- E-Mail Answers
Answer Posted / shraddha desai
Personal : Debit the recevier
Credit the giver
Eg. Ram's A/C
Real : Debit what comes in
Credit what goes out
Eg. Cash A/C
Nominal : Debit the exps. and losses
Credit the income and gains
Eg. Discount A/C
| Is This Answer Correct ? | 14 Yes | 0 No |
Post New Answer View All Answers
Differentiate public and private accounting?
Explain which accounting application you prefer most and why?
what is a difference between public and private accounting?
Do you possess any knowledge about accounting standards?
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
What is the entry for provision?
what is difference between budgeting and Forecasting
What is corporate assesses?
Define a company's payable cycle?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
What is the provision?
How the Depreciation will calculate in Company?
bank releted question interviw plz tel me
what are the basic elements to prepare a quarterly information system and how to calculate that items?
What are the criteria for accounting job?
