Golden rules of accounting
Answer Posted / bismaya dhal
Real A/c : Debit what comes in.
Credit what goes out.
Personal A/c : Debit the receiver.
Credit the giver.
Nominal A/c : Debit Expenses & Losses.
Credit Income & Gains/Revenues.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Under the accrual basis of accounting incomes are recognised at the time -------------------
Explain the word Liquidation
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
What is COVER payment?
DEfine SAP
what is portfolio Saint?
What is the journal entry for Call and a Put option both in the books of buyer and seller
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
why gross profit transfering to profit & loss account
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
total capital stock
what is the main difference between nse & bse operations
how we could adj. the entries of prop. & firm in merging time
Expand-------ATBN