Interested to Buy Any Domain ? << Click Here >> for more details...
what is basic accounts rule?
- 20 Answers
- 35414 Views
- First Indian Corporation, Hotel Jobs, MPSC, Syntel, I also Faced
- E-Mail Answers
Answer Posted / nisar i. sida
Firstly Acconts have two types ;-
1. Personal Acconts
2. Impersonal Accounts ( Real A\cs & Nominal A\Cs )
The three Rule of Debit & Credit are :---------
1. Personal Account - Dr. the Reciever
Cr. the Giver
2. Real Account - Dr. What Comes in
Cr. What Goes Out
3. Nominal Accont - Dr. all Expenses & Losses
Cr. all Profits & Gains.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
why do we charge the depreciation
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
EXPAND___________NAA
How can fictitious assets be measured or valued?
Take me through the entire vendor cycle.
Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
What is re-financing in Letter of Credit settlement
emplementation of accounting standerds in Bangladesh, developing or copieng?
what is meant by transposition error
what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
EXPAND_________SEAMEC
Have you worked with other on team endeavors
Expand---------SDRT?
