Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 712431 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answer Posted / nitin gandhi
1}Personal Account:
Debit to the Receiver
Credit to the Giver
2)Real Account:
Debit What Comes In
Credit What Goes Out
3)Nominal Account:
All Expenses or Losses Account Dr.
All Income or Gain Account Cr.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what do u mean by single error and double error in accointing errors?
explain about mergers & aquisitions? asked on 30/7/09
Short Answer on ________Accounts Payables
How can I find out my credit rating score for free?
Why does one need a broker?
How exchange rates are maintained in sap
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
why do we charge the depreciation
what are the importance accounting entries for AP and AR process in interview..
What are the Types of invoices batching? & what is 3 way batch?
do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.
EXPAND_________SCM
What is Analysing
what is ment by master in tally?
Which Invoice issued on Central Sale Commercial or Retail?
