Interested to Buy Any Domain ? << Click Here >> for more details...
What are the 3 Basic Rules in Accounting.
- 167 Answers
- 593124 Views
- AAA, ABC, Accenture, Amba Research, Birla Sun Life, CTS, CWDF, DELL, Franklin Templeton, iGate, IHP, JPMorgan Chase, Lexi Pens, Mastek, Trinity Technologies, VC Engineering, I also Faced
- E-Mail Answers
Answer Posted / mahesha c
1) personal accounts
Debit is the receiver.
Credit is the giver.
2)Real accounts
Debit what comes in.
Credit what goes out.
3)nominal accounts
Debit all expenses & losses.
Credit all income & gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
what is debit/credit note ? what deffered income and expencess?
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
what are the rules and regulations of junior accountant
Which entry we pass self entry like cash withdraw for ourself
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
What is the Purpose of Preparing Bank Reconciliation Statement?
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
what is purchase tax in rajasthan.
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
Why you choose commerce faculty & not science or Why you are in commerce & not in science ?
why you choose accounting as your career ? ?
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
