What are the 3 Basic Rules in Accounting.
Answer Posted / ajinath phuke
Personal a/c
Debit the recevier
Credit the giver
Nominal a/c
debit all expences &loss
Credit all incom& gains
Real a/c
debit what come in
Credit what goes out
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Can you explain about the distinction of Book-Keeping and Accounting
What is the difference between Risk, Threat & Hazard?
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
what is buy bach shares?
EXPAND___________LNG
who invented acounts?
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
What is the New GL concept? how do you configure new GL a/c?
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
Three steps for correction in BRS?
what is sales life cycle???
i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed assets and after this we put the fuel in this for trial then this fuel is our also capital exp
What is a bad credit score?