wat is the golden rule of accounting

Answer Posted / nikita gupta

Real A/c-Dr. what comes in
Cr. what goes out.

Personel A/c- Dr. the receiver
Cr. the giver

Nominal A/c- Dr. all Exp. & Loss
cr. all income & gains.

Is This Answer Correct ?    13 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

List out the stages of double entry system?

628


At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.

1824


What is Time capital

1433


What are the 4 types of ppe?

701


which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan

1733






state (5) accounting concepts and give 1 example of each

1518


Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.

1543


what are voucher entries for EPF treatment in tally

1623


How to post advance paid to a supplier in oracle jd edwards

1225


What does the abbreviation dr mean in accounting?

624


Tell me what is accrual accounting?

3401


What is difference between Cash Flow and fund flow

1592


Why in KE5Z report in SAP Accounting Data not found?

3551


what is the responsiblities for accounts manager?

1476


how to prepare brs statement for company in tally

2782