Answer Posted / dheeraj kumar bansal

Golden Rules of Accounting

Personal Account Debit the Receiver
Credit the Giver

Real Account Debit What Comes In
Credit What Goes Out

Nominal Account Debit all Expenses and Losses
Credit all Incomes and Gains

Is This Answer Correct ?    17 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com

1507


how there face in lvbank interview

1617


what is the difference between Assets Allocation & Security selection?

2345


ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form

1371


what salary you expect???

1695






Expand---------EDP

2030


Reserve Capital and Reserve Capital

1784


do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.

1546


What is 100% EOu? what is the benifit and what is difficulty of it?

1686


what is budgetory control and what are the types

1938


Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque

1410


What exactly is derivatives segment. can u explain futures and options with examples...

2204


I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.

1502


Short Answer on ________Ad-Valorem Duties

1555


I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes

1040