Interested to Buy Any Domain ? << Click Here >> for more details...
Golden Rules Accounts (15th nov-2009)
- 8 Answers
- 12593 Views
- Ernst Young, I also Faced
- E-Mail Answers
Answer Posted / shyam singh rana
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 ? | 7 Yes | 0 No |
Post New Answer View All Answers
why creditors a/c dr. to discount received a/c ?
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
What is an over accrual?
I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
what is the head for stock trnasfer
i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial
What is Prepaid Entry
Tell About ur self what will i say plz help me
in trading credit why does goods sent on consignment come?
Tell me what is “deposit in transit”?
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
how many times we can deposit the old currency in one a/c in the bank
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
What are the nine accounting cycles?
