srinivas


{ City } hyderabad
< Country > india
* Profession * accounts assistant
User No # 15856
Total Questions Posted # 41
Total Answers Posted # 1

Total Answers Posted for My Questions # 83
Total Views for My Questions # 295732

Users Marked my Answers as Correct # 24
Users Marked my Answers as Wrong # 1
Questions / { srinivas }
Questions Answers Category Views Company eMail

what is the entry for accumulated depreciation?n why it is used?when it is necessary?

OPI Global,

1 Accounting AllOther 3097

what is sox? why it is used?

OPI Global,

3 Accounting AllOther 18441

what is the entry for accumulated depreciation?n why it is used?when it is necessary?

OPI Global,

2 Accounting AllOther 7010


what is the entry for accounts receivables and accounts payables? what is the entry for bills receivables and bills payables?

Genpact, The Hindu,

7 Accounting AllOther 29300

what is exact entry for cash receipts and cash payments? did sales n purchases invoices are issued to this receipts n payments?

BoA,

4 Accounting AllOther 6513

what is status report? and flow report?

Genpact,

Accounting AllOther 1610

explain liquidity Damages?

Bhel,

2 Accounting AllOther 6680

explain sales/purchase accounting?

Accenture,

Accounting AllOther 1729

what are the content of purchase order?

Accenture, Capital IQ,

Accounting AllOther 1614

would gross expenditure vouch the correctness or otherwise of the given expenses?

Wipro,

Accounting AllOther 1564

what are the types of provisions that you would make for the end of a financial year?explain

Accounting AllOther 1464

is 'loan' categorized as billpayable?explain

2 Accounting AllOther 3304

can depreciation on live stock?

2 Accounting AllOther 5409

explain purchase cycle?

4 Accounting AllOther 10281


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Answers / { srinivas }

Question { Chartered Accountant, 12002 }

what is the golden rules of accounting?


Answer

the personal and impersonal accounts are called golden rules
of accounting.

personal account: Dr the receiver
Cr the giver

impersonal accounts are 1)real account 2)nominal accounts
real account : DR what comes in.
CR what goes out.

nominal account: DR all expenses and losses.
CR all incomes and gains.

Is This Answer Correct ?    24 Yes 1 No