Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Examples each for golden rules of accounting

Answer Posted / venkatayya

A. Personal a/c: Debit the receiver
Credit the giver

B. Real a/c: Debit what comes in
Credit what goes out
C. Nominal a/c: Debit all expenses and losses
Credit all gains and incomes

Is This Answer Correct ?    15 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

whether bills of exchnge can come under the category of reserves and surplus

1886


which type of questions did HR Manager ask and what are the answers

2117


What is the purpose of financial statements?

1065


Why we debit expenses and credit incomes ?

1779


Define fair value accounting?

1070


What is tally and its features?

1200


What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me

2305


What is use of subject history in banking?

2657


What do you know about this position?

1104


capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?

1563


WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?

6539


What is royalty reserve?

7111


what is the minimum & maximum amount paid by company per day

2112


what is apply SI post

2094


Please provide me the entire format of P.F. & ESI

2108