Golden rules of accounting
Answer Posted / b.s.prakash
Personal Account : Debit the receiver
Credit the giver
Nominal Account : Debit all expenses and losses
credit all incomes and gains
Real Account : Debit what comes in
Credit what goes out
| Is This Answer Correct ? | 255 Yes | 53 No |
Post New Answer View All Answers
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM
Three steps for correction in BRS?
what is cost audit?
what do Loan Loss Coverage Ratio mens describe it with examples?
Short Answer on ______Transaction
What is the difference between income statement & Profit&loss A/c?
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
wHAT ARE EVENTS
what is mean by provision ? give me examples ..
Indian Iran Gas pipeline
give me only one transactions in both side (debit&credit) should be in real accounts
Example for extra ordinary expenditure?
EXPAND___________NBFCS
in what form is crr kept in RBI?