Answer Posted / aleem
There are three important principles of Accounting
Personal Accounting: Debit the receiver and Credit the giver
Real Accounting: Debit what comesin and Credit What goesout
Nominal Accounting: Debit all expenses and losses and
Credit all incomes and gains
| Is This Answer Correct ? | 18 Yes | 8 No |
Post New Answer View All Answers
Short Answer on __________Trade
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
what are your plans after completing your MBA (or) studies ?
sort out the difference between service provider & service reciepient from the service tax.
what is Journal Entries?
what did you mean by cash credit limit account ?
what is Calculation of Depreciation for 4 to 5 Years?
If income and expense both are equal then what it depicts
how to mention last year profit of ay private limited company in current year balance sheet ?
What is the analytical way of accounting?
impairment & Amortisation Means
different between acconting and elective mathematics
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing
