Answer / raja

Accounting Rules are Classified in to two
Personal Account and Impersonal Account and again Impersonal
account classified in to two Real Account and Nominal Account

Personal A/c :- Debit the Receiver
Credit The Giver

Real Account :- Debit What Comes in
Credit What Goes out

Nominal Account :- Debit All Expenses and Losses
Credit All Income and Revenues

Answer / md asif ali

"GOLDEN RULES(PRINCIPLES) OF ACCOUNTING THEY ARE THREE:
1)PERSONAL A/C:DEBIT THE RECIVER AND CREDIT THE GIVER
2)REAL A/C:DEBIT WHAT COMES IN AND CREDIT THE WHAT GOES OUT
3)NOMINAL A/C:DEBIT THE ALL EXPENSES AND LOSSES AND CREDIT
THE ALL INCOME AND GAINS"

Answer / shiva shankar

3 rules
1.personal ,debit the receiver and credit the giver
2.real , debit what comes in and credit what goes out
3.nominal,debit all expences and losses , credit all
incomes and gains.

Answer / sukanya

personal a/c
debit the receiver
credit the giver

real a/c
debit what comes in
credit what goes out

nominal a/c
debit all exp and losses
credit all incomes and gains

Expand CCIT?

0 Answers  

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Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj

0 Answers   Heritage River Journeys,

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What is the Memorandum voucher?

1 Answers   Ramco,

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Any body please give me the model paper of capital iq and what they have given the questions and what am i preparing for written test

3 Answers   Capital IQ, Finance,

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sensex is increased and decreased in share market? why?

4 Answers  

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I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

0 Answers  

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1. WHAT DOES SALES ON THE DEBIT SIDE OF A TRAIL BALANCE MEAN AND WHAT IS THE TREATMENT IN PREPARING TRADING PROFIT AND LOSS ACCOUNT. 2. IS IT POSSIBLE TO HAVE SALES ON THE DEBIT SIDE OF A TRIAL BALANCE.

1 Answers  

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What is the working formula for Inventory turnover

0 Answers   Genpact,

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i m a bcom holder. ijust want to know abt procedure of ICWAI whether how muck years of Articleship job, when should i have to do that whether after/before Intermediate course?

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In activity based costing, costs are accumulated by A. Cost objects; B. Cost benefit analysis; C. Cost pool; D. None of the above.

4 Answers   ASAS,

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please tell defination of goodwil and copyright?

2 Answers  

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Can any one explain me how profitability analysis s implemented in Sap & tell me which tables get effected by this... i want to know about copa_derive msgtypes also...

0 Answers   Satyam,

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