Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 712351 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 / karthikraja. k
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 ? | 2 Yes | 0 No |
Post New Answer View All Answers
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
what are the steps used in UAT in Oracle Apps?
how there face in lvbank interview
What is the GDP growth?
can payorder be issued for outstation?if yes then how?should it be account payee?
which kind of expenses or Income will come under direct expenses or Income ?
what are the importance accounting entries for AP and AR process in interview..
What is the Finalization of Accounts?
sort out the difference between service provider & service reciepient from the service tax.
difference between contra entry and double entry?
why you want to join the banking and finance industry?
What is the Accounts Payable & Accounts Receivable ?
plz send me the apptitude question papers of wipro
how to prepare HSD statements in tally
What is the difference between payable and accrual
