What is the three rules of Account & what is debit and
credit
- 8 Answers
- 6989 Views
- CA, I also Faced
- E-Mail Answers
Answer Posted / madhuri.a
There are 3 fundemental rules for accounting.
1. personal a/c
2. reala/c
3. Nominal a/c.
While coming to Accountancy Here Debit Means "What Comes IN"
&Credit means "what Goes Out".
| Is This Answer Correct ? | 9 Yes | 3 No |
Post New Answer View All Answers
Feature of Master letter of credit of Garments manufacturing company?
How is the expenditure of developing a modified product treated?
what is mean by ledger
How the sub ledgers(AP, AR) integrate with GL liability and receivable
What is cash clearing account
what is meant by transposition error
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
credit card entry in tally
Why you want to leave your present job while they offer you with good offer?
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
What is Merchandising Accounting process
If income and expense both are equal then what it depicts
Expand----------CMST
Expand-------NSAC
how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
