Golden rules of accounting
Answer Posted / navin jain
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What are the general Ledgers?
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM
what is organic profit? and how it is calculated?
Define Bill of Exchange
how there face in lvbank interview
state and explain THREE types of situation to which accounting concept might be applicable
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
What is money measurement concept
how to maintain stock if any entry mismatch pllzz tell me short cut
What is Summarising
Expand-------ANCS
what is Exposure ?
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...