Golden Rules Accounts (15th nov-2009)
Answer Posted / srisailam
Personal A\c Debit the reciever
Credit the Giver
Real A\c What comes Debit in
What goes credit out
Nominal A\c All expenses losses Debit
All incomes and gains credit
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sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,
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