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
about tally erp9
Please share different type of Z report
What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)
Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?
Short Answer on __________Leverage
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
Expand---------TDCB
difference between contra entry and double entry?
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
What is Split And buy-back?
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
What are Home Equity Loans ?
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
what are the types of provisions that you would make for the end of a financial year?explain