Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the rule of debit and credit.
Plz detail answer.
thankful to you

Answer Posted / priyanka

RULES OF DEBIT AND CREDIT

1. IN CASE OF PERSONAL ACCOUNT(these are the accounts in
the names of persons eg K SONS & COMPANY)
DR THE RECEIVER
CR THE GIVER
2. IN CASE OF REAL ACCOUNT(these account are based on
amount which we get by selling or purchase of fixed asset)
DR WHAT COMES IN
CR WHAT GOES OUT
3. IN CASE OF NOMINAL ACCOUNT(these account based on
expenses eg.telephone expenses etc)
DR ALL EXPENSES AND LOSSES
CR ALL INCOMES AND GAINS

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what type of questions are asking for fund administration???

5432


how to entry of hra

2246


What are the Types of invoices batching? & what is 3 way batch?

2132


Expand----------CMST

2178


what do u mean by single error and double error in accointing errors?

2260


Mostly what type of manufactures are coming under TDS and basic rate for each category

1945


if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?

1870


What is the use of final account?

1835


ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT

2011


Expand CASA

2031


IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT

1933


4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470

3148


what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.

2181


reason for difference in Balance sheet (Asset side & Liabilites side)

2015


what is CDD’s configuration

2279