Principles of accounting

Answer Posted / madhavi

PERSONAL ACCOUNT:
DR THE RECEIVER
CR THE GIVER
REAL AC:
DR WHAT COMES IN
CR WHAT GOES OUT
NOMINAL
DR ALL THE EXPENSES AND LOSSES
CR ALL THE INCOMES AND GAINS

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the meaning of banking

1662


What is the difference between trial balance and general ledger?

618


What is double-entry accounting? Explain with an example?

637


why you want to lecturer

1766


credit card expenses entry kisme pass karenge

899






What does the abbreviation dr mean in accounting?

629


what is core accounting?

1846


Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.

2920


Tell me what are the activities that includes in cash flow statement?

950


as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...

1738


shares convert into share capital what is the journal entry? how many ledgers need to create?

1589


Tell us what is your proudest accomplishment?

698


credit card all entry pass in tally

1032


What is general entries for Deffered Tax?

2301


What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.

1404