Golden rules of accounting
Answer Posted / rithika
PERSONAL A/C- DEBIT THE RECEIVER
CREDIT THE GIVER
REAL A/C- WHAT COMES IN DEBIT
WHAT GOES OUT CREDIT
NOMINAL A/C- ALL EXPENSES & LOSSES DEBIT
ALL INCOMES & GAINS CREDIT
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Who is the maker of the promissory note
differed tax liability
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
an amount deducted from the catalog price for an item of merchandise is called?
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
what is accounting in automobile
What is the use of final account?
I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.
what is Calculation of Gross Profit Or Gross Loss?
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
Define Payee
example of SOP
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?