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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 # 344121

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 4138

what is sox? why it is used?

OPI Global,

3 Accounting AllOther 19999

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

OPI Global,

2 Accounting AllOther 8368


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 31655

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 8417

what is status report? and flow report?

Genpact,

Accounting AllOther 2107

explain liquidity Damages?

Bhel,

2 Accounting AllOther 7724

explain sales/purchase accounting?

Accenture,

Accounting AllOther 2249

what are the content of purchase order?

Accenture, Capital IQ,

Accounting AllOther 2127

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

Wipro,

Accounting AllOther 2134

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

Accounting AllOther 2015

is 'loan' categorized as billpayable?explain

2 Accounting AllOther 4462

can depreciation on live stock?

2 Accounting AllOther 6568

explain purchase cycle?

4 Accounting AllOther 11959


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Answers / { srinivas }

Question { Chartered Accountant, 15533 }

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