what are accounting principles

Answer Posted / sanjay gupta

Debit the giver credit teh receiver
Debits what comes in credit whay goes out
Debit all expenses & loss credit all teh profits & Income.

Is This Answer Correct ?    13 Yes 15 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand-------NAC

1783


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

1826


Example for extra ordinary expenditure?

2235


How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under

1366


outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited

1473






Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

1704


where we use the convetion of conservatisam in real life??

1573


In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

3569


what is tds rate of WCT applay for sale tax ragistard company.

2051


What are the stages involved while preparing business blue print with examples?

306


what is circuit filter?

1489


send me accounting test ppaers

1740


What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?

1576


WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

1684


What is compensation theorem?

2498