Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 723412 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answer Posted / sudhaa
Real Account : Debit what comes in
Credit what goes out
Personal Account : Debit the receiver
Credit the giver
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
| Is This Answer Correct ? | 44 Yes | 6 No |
Post New Answer View All Answers
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
What is Budgeted capital ?
How can i do the entry of of service tax in tally.
what is pre settlements and post settlements in Derivatives?
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
Short Answer on _________Commerce
how to do finalisation account ,pls tell me step by step ?
What is the defination of job costing, batch costing and contract costing?
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
What is EBITDA
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
What will be the consequences if the partnership is not registered
What is functional area,trading partner in sap fico
