Golden rules of accounting
Answer Posted / pavan
Personal A/c:Debit the receiver
Credit the giver
Real A/c: Debit what comes in
Credit what goes out
Nominal A/c:debit all expences and losses
Credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.
Short answer on _______Amendment
Expand-------ANC
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
What is Home Loan Modification?
Short Answer on __________written Down value
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
Give me total Details of payroll calculation, payslip with examples.
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?