Golden rules of accounting
- 369 Answers
- 648148 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 / pradip sawant
Personal A/C : Debit the receiver
Credit the giver
Real A/C : Debit whats comes in
Credit whats goes out
Nominal A/C : Debit all expenses and losses
Credit all income and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
why do you want to work here?
Clasify Loss
In what cases can Convertible bonds be considerred as derivatives?
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.
describe the most complex challenge that you have faced and how you managed it
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.
what is Calculation of Gross Profit Or Gross Loss?
Indian Iran Gas pipeline
wages posted twice what is the entry for that?
what happens to each of the three primary financial statements when gross margin decreases?
How can we calculate the total income of the company.
In case of new admission of partner what will be the adjustment for the sharing ratios
why funds management doc is generated during migo and miro
what is general HR?
