what are the golden principle of accounting?
Answer Posted / vinay
Golden Principles of Accounting :
Personal A/c : Debit the receiver and credit the giver.
Real A/c : Debit what comes in credit what goes out
Nominal A/c : Debit all expenses and losses credit all
incomes and gains .
| Is This Answer Correct ? | 107 Yes | 2 No |
Post New Answer View All Answers
does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP
What part can management policy play in the analysis of cost behaviour?
what is similarites between tata motors and airtel
Expand---------NPTO
how to entry of hra
Can u please give me example of bonds? is National savings certificate a Bond?
In sales what rule applicable
Can I check my Vantage credit score range online?
I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T
How can I explain p2p process in SAP?
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?