Golden rules of accounting
Answer Posted / thiru
Nominal A/c : Debit Loss and Expense
Credit Profit and Gains
PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER
Real A/c : Debit what goes out
Credit what comes in
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....
recently release the 6.0 version not succede in the market why?
Which Exchange determine Foreign Exchange/Currency Rate?
Expand-------MTRS
Who is the maker of the promissory note
What is Trade Recovery Estimate and how can we calculate it?
What are the stages involved while preparing business blue print with examples?
sort out the difference between service provider & service reciepient from the service tax.
why are you selecting for the controlling area same company code?
what is Calculation of Depreciation for 4 to 5 Years?
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
Give me total Details of payroll calculation, payslip with examples.
Short Answer on ___________Cash Profit
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry