Golden rules of accounting
Answer Posted / banibrata patra
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What is re-financing in Letter of Credit settlement
how history is helpful for banking?
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar
HOW TO CALCULATE ESI,P.F,VAT,I.TAX,EXCISE,C.S.T.REFUND CLAIM, E.T.C. IF YOU KNOW ANY OF THIS PLASE REPLY
WHAT IS CORPORATE ACTION?
What is communicating
Expand-------NAST
What will be entry pass in tally if TDS paid by Credit Card.?
difference between contra entry and double entry?
what is the difference between f.f.s and c.f.s?
What elements of your job do you find most difficult
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
which Electrical items is Exciseible
can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com