Golden rules of accounting
Answer Posted / sowmiya. m
Personal A/c Debit the Receiver
Credit the Giver
Real A/C Debit what comes in
Credit what goes out
Nominal A/c Debit all Expenses and Loses
Credit all Incomes and Gains
This is the correct answer
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
Define `Realisation` Account? Explain the salient features?
what is general HR?
What are the benefits ofparticipation in a depository?
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
What is Split And buy-back?
Short Answer on __________Trade
What is combination?
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
Expand---------MDOT
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
For what purpose ERS is used for?
What is communicating
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed