What are the 3 Basic Rules in Accounting.
- 167 Answers
- 563478 Views
- AAA, ABC, Accenture, Amba Research, Birla Sun Life, CTS, CWDF, DELL, Franklin Templeton, iGate, IHP, JPMorgan Chase, Lexi Pens, Mastek, Trinity Technologies, VC Engineering, I also Faced
- E-Mail Answers
Answer Posted / dhanalakshmi
1. personal accounts:
DEBIT The Receiver.
CREDIT THE Giver.
2. Real accounts :
DEBIT what comes In.
CREDIT what Goes OUT.
3. Nominal accounts :
DEBIT The All Expenses and Lossess.
credit The All Incomes and Goins .
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
reason for difference in Balance sheet (Asset side & Liabilites side)
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
what is mean by provision ? give me examples ..
what is the meaning of Processing Vendor/Employee payments
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
Why do you want to work for us?
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
INTE3RNATIONAL ACCOUNTING STD
How Are The Balance Sheet And Income Statement Connected?
Expand-------SCAN
Expand--------TOS
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
how to do the recurring entries or steps to follow that
cany anyone explaing what are the functions of an Account Officer/Manager?
Expand CASA
