Golden rules of accounting
Answer Posted / indu verma
personal account: Debit the receiver.
Credit the Giver.
Real Account: Debit what comes in.
Credit what goes out.
Nominal Account: Debit all losses and expenses.
Credit all income and Gain.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is DECR And for wt it is used?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
can any one send me payables real time scenarious or any projects
what is mba tell me the more benefits in mba
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
what's accounts payable
reason for difference in Balance sheet (Asset side & Liabilites side)
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
Expand---------NPTO
my qustion is what is H foam and where use
What are the benefits ofparticipation in a depository?
what is the difference between f.f.s and c.f.s?
what are the type of cash flows?
What is written off?
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.