srinivas


{ City } hyderabad
< Country > india
* Profession * accounts assistant
User No # 15856
Total Questions Posted # 41
Total Answers Posted # 1

Total Answers Posted for My Questions # 83
Total Views for My Questions # 299112

Users Marked my Answers as Correct # 24
Users Marked my Answers as Wrong # 1
Questions / { srinivas }
Questions Answers Category Views Company eMail

what is the entry for accumulated depreciation?n why it is used?when it is necessary?

OPI Global,

1 Accounting AllOther 3163

what is sox? why it is used?

OPI Global,

3 Accounting AllOther 18529

what is the entry for accumulated depreciation?n why it is used?when it is necessary?

OPI Global,

2 Accounting AllOther 7091

what is WIP?

Genpact, Shore Infotech,

4 Accounting AllOther 9878

what is the entry for accounts receivables and accounts payables? what is the entry for bills receivables and bills payables?

Genpact, The Hindu,

7 Accounting AllOther 29484

what is exact entry for cash receipts and cash payments? did sales n purchases invoices are issued to this receipts n payments?

BoA,

4 Accounting AllOther 6640

what is status report? and flow report?

Genpact,

Accounting AllOther 1642

explain liquidity Damages?

Bhel,

2 Accounting AllOther 6755

explain sales/purchase accounting?

Accenture,

Accounting AllOther 1772

what are the content of purchase order?

Accenture, Capital IQ,

Accounting AllOther 1649

would gross expenditure vouch the correctness or otherwise of the given expenses?

Wipro,

Accounting AllOther 1595

what are the types of provisions that you would make for the end of a financial year?explain

 Accounting AllOther 1503

is 'loan' categorized as billpayable?explain

 2 Accounting AllOther 3378

can depreciation on live stock?

 2 Accounting AllOther 5491

explain purchase cycle?

 4 Accounting AllOther 10382

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Answers / { srinivas }

Question { Chartered Accountant, 12225 }

what is the golden rules of accounting?


Answer

the personal and impersonal accounts are called golden rules
of accounting.

personal account: Dr the receiver
Cr the giver

impersonal accounts are 1)real account 2)nominal accounts
real account : DR what comes in.
CR what goes out.

nominal account: DR all expenses and losses.
CR all incomes and gains.

Is This Answer Correct ?    24 Yes 1 No