Golden rules of accounting
- 369 Answers
- 646530 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 / k. navaz
Real Accounts : Debit what comes in
Credit what goes out
Nominal Accounts : Debit all Expenses and Lossess
Credit all Incomes and Revenues
Personal Accounts: Debit the Giver
Credit the Receiver
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
What are the objectives of accounting
What is communicating
What is Analysing
what are the accounting ratios
Can you explain about the distinction of Book-Keeping and Accounting
What is Summarising
why should we are preparing BRS
Distinguish capital and revenue expenditure
write about an e-mail to manager seeking permission for leave
define accounting,scope of account , types of account ?
Short Answer on ___________Cash Profit
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
payroll calculation procedure explain completely?
