Answer / radha

goldent principles of accounting are

1. Personal account. In this a/c Debit the benifit receiver
and creit the benifit giver.

2. Real Account. In this a/c Debit what comes in and Credit
what goes out

3. Nominal Account. In this a/c all expenses and lossess
are debited and all incomes.

Answer / praveen chowdary

personal account;
debit the receiver and credit the giver.

real account;
debit what comes in and credit what goes out.

nominal account;
debit all expences and losses, credit all incomes and gains

Difference between P/L a/c and Trading a/c

13 Answers  

---

Valuation of Goodwill and calculation!! question asked in many companies,try to remember the methods..

1 Answers   Amex, FinnAir,

---

What is ERS(Evaluated Receipt Settlement) in Accounts Payable? How is it related to 2 way matching?

1 Answers   Genpact, Jenpac,

---

What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.

0 Answers  

---

In Individual Accounting Capital comes under which head?

4 Answers   Infosys,

---

What is accumulated depriciation

2 Answers  

---

what is a corporate chart of accounts and its purpose?

0 Answers  

---

Ledger

2 Answers   Bank Of America,

---

what is the value period of cheque?

12 Answers  

---

sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from office cash what will be the journal entry

8 Answers   Genpact,

---

What are direct and indirect taxes?

7 Answers   Genpact,

---

what are the limitations of accounting conventions

0 Answers  

---