What is the three golden rules in Accounts ?
Answer Posted / gouthami
1. personal accounts
debit-the receiver
credit-the giver
2.real accounts
debit-what comes in
credit-what goes out
3.nominal accounts
debit-all losses and exepenses
credit- all incomes and gains.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
Explain the accounts payable cycle
What is executive accounting?
What is budget variance analysis?
How many accounting standards are currently published?
What is general entries for Deffered Tax?
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
director wife expenses which entry
how many types of currencies are there in oracle r12
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
As you know any other accounting application?
What is absorption costing with defination? and what is marginal costin with defination?
What is the master account?
What are the columns of a journal?
adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally