Golden rules of accounting
Answer Posted / soumya sashidhar
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 ? | 1 Yes | 0 No |
Post New Answer View All Answers
Short Answer on __________Accrued interest
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
Under the accrual basis of accounting incomes are recognised at the time -------------------
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
Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry
explain the difference between LIFO and FIFO?
What is specific reserve
Please share different type of Z report
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
.,can someone tell me how to compute the subscribed capital share?
im preparing for the sbi clerical post please send me the solved questions.
What is Acquisition?
what do you mean indirect expanse in trading business?
distinguish between price rate and time rate?
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?