basic rules in accounting

Answer Posted / lalit kumar

real a/c
comes in is dr
goes out is cr

nominal a/c
loss are always
incoms are always cr

recever dr
giver cr

Is This Answer Correct ?    6 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

If someone knows about the test pattern of Junior executive accounts than please share.

1690


How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?

2168


Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?

1737


what is the step in preparing the schedule of audit? can someone explain for me?

1539


Why does one need a broker?

1812






Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them

2175


What is Mean By FRS for HQ reporting, How To Prepare?

1615


Expand BFSI

1654


If income and expense both are equal then what it depicts

1522


post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.

2180


what are micro-cap, small-cap, mid-cap, large-cap companies?

1769


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

1611


What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?

1779


Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe

3205


Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?

1591