Golden rules of accounting
Answer Posted / tarun patel
Personal Account:Debit the receiver
Credit the giver
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gain
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What do mean by Computerization of accounts
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
Define Bill of Exchange
wHAT ARE EVENTS
i want know how to calculate it in payroll please mail me the percentages using there ?
What is wealth maximisation
Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.
What is meant by retiring Bill
Expand---------BPCD
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
EXPAND_________SEC
Explain valuation methods of Normal and Abnormal loss
please send me last 3 years question & solution
plz send me a solved paper on SBI of clerk post
what is the step in preparing the schedule of audit? can someone explain for me?