What are the 3 Basic Rules in Accounting.
Answer Posted / sheetal
Personal Rule
1) Debit The Receiver
Credit the Giveer
Real Rule
2) Debit the Receiver
Credit The Giver
NominalRule
3) Debit All Exp. & Losses
Credit All Gains & Inocmes
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
Expand ________FOR
Being BE student why you want to join bank?
what is the accounting conventions
Transfer nett profit of Rs 325000/- to Reserves and Surplus
4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470
what is internal audit
what is the core accounts
Distinguish capital and Revenue receipts
Expand DPCO
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
what is cost audit?