Golden rules of accounting
Answer Posted / asif
Personal Account:Debit the receiver
Credit the giver
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
let me know the meaning and Nature of cash
joint venture?
Is depreciation a expense or income?
how a fund flow statement benefit the individual, corporate?
what is status report? and flow report?
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
What part can management policy play in the analysis of cost behaviour?
What is a Balance Sheet & Profit & Loss Account?
What is ABC Analysis in industrial function. hw can it s maintain ?
What do you know about hyd? Tell something about hyd?
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
What is finance lease
total capital stock
what salary you expect???
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed