what are golden rules of accounting.......?

Answer Posted / guest

there are three basic rules for accouting that are the main
formulation for accouiting:
1. everything for the receiver should be debit
2. Inome shoule be credit.
3. Expences should br debit.

Is This Answer Correct ?    6 Yes 9 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is forecast

1228


Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?

2014


what is tds rate of WCT applay for sale tax ragistard company.

2157


At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?

1680


What is re-financing in Letter of Credit settlement

1646






example of SOP

1598


sort out the difference between service provider & service reciepient from the service tax.

1737


A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if.  The selling price is reduced by 5 %.  Fixed cost is increased by 2 lacs

1511


capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)

1900


Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1286


Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

1806


In what cases can Convertible bonds be considerred as derivatives?

1865


What do you know about hyd? Tell something about hyd?

1928


EXPAND_________SEAMEC

1653


Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000

1324