Golden rules of accounting
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Answer / asif
Personal Account: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 incomes and gains
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / bibhas biswas
Personal Accounts- Debit-The Receiver; Credit-The Giver
Real Accounts-Deit-What Comes In; Credit-What Goes Out
Nominal Accounts-Debit-All Expenses and Losses;Credit-All
Incomes or Gains
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / prajwal
Personal A/c : Debit the receiver and
Credit the giver.
Real A/c : Debit what comes in and
Credit what goes out.
Nominal A/c : Debit all expenses and losses and
Credit all incomes and gains.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / guest
personal-debit the receiver
credit the giver
real-debit wat comes in
credit wat goes out
nominal debit all incomes and gains
credit all expenses and losses
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / indu verma
real:= debit what comes in.
credit what goes out.
personal:= debit the reciver
credit the giver.
nominal:= debit all losses or expenses.
credit all income or gain.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bhavika jain
GOLDEN RULES OF ACCOUNTING
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sathish. t
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 expenses and losses
Credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / priyanka
Real a/c=Debit what come in
Credit what goes out
Nominal a/c =Debit all expences & losses
credi all income & revenue
Personal a/c=Debit the giver
credit the reciver
| Is This Answer Correct ? | 0 Yes | 0 No |
why do you think you are sutable candidate for this post
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where does preliminary expenses put in the balance sheet?
What is means by ERS ?
HOW CAN I BOOKED RS.200000/ LETTER OF CREDIT(L/C)A/C WITH PARTIES THROUGH BANK IN TALLY.
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
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Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
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When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
what is difference between depreciation and amortization ?
Audit 
