golden rules of accounting
Answers were Sorted based on User's Feedback
Answer / dharani
There are three types of accounts. Personal, Real, and
Nominal. For recording transactions and to categorise
whether it is debit or credit, golden rule is important.
Personal - Debit the Receiver & credit the giver.
Real - Debit what comes in & credit what goes out.
Nominal - debit all expenses and losses/credit all incomes
and gains.
Is This Answer Correct ? | 14 Yes | 0 No |
Answer / adish jain
personal accounts ( dr. the receiver and cr the giver)
real a/cs ( dr. whats comes in and cr what goes out)
nominal a/cs (dr all expenses and cr all incomes
Is This Answer Correct ? | 5 Yes | 0 No |
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
cash credit taken from bank then what is the general entry?
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
being a b.sc(biotechnology) student, am i eligible to work in accounting sector. If yes what all i need to do.???
What is suspense account?
Is the Bills payable is personal account ?
2 Answers Income Tax, Josts Engineering Company,
Define depreciation and its types?
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
What Is The Entry Of Partners Loan & In Which Voucher
if we have received the bill of telephone and electricity for the period 16th march to 15 april ,what will be the entry for the year ended 31st march '10?will there be any provision entry for this