Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the golden rule of accounting.

Answer Posted / sunil shenoy

Personal a/c- Debit the receiver of benefit, Credit the
giver of benefit.
Real a/c- Debit what comes in, Credit what goes out.
Nominal a/c- Debit all expenses and losses, Credit all
incomes and gains.

Is This Answer Correct ?    18 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is discounting accounting and why depriciation of assets are mention in dicounting accounting?

2092


Define control account Thanks

1967


What is the procedure to become charted accountant in India now. Please answer this is urgent

1470


In sales what rule applicable

1868


Expand---------EDP

2461


how many types of practice accounts?

1996


Expand---------SDRT?

1887


What is communicating

2019


What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese

2016


How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?

1877


Office cash was stolen? state whether the following transcation is business transcation or non business transcation?

1969


What is deffered income

2264


HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?

1956


When we are raised a interstate invoice then which type invoice we are raised

1866


What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.

2275