What are the golder rules of Accounts ?
- 35 Answers
- 78117 Views
- Abhipra, Accenture, Bajaj Allianz, Blue Star, Genpact, HP, IBM, TCS, Wipro, I also Faced
- E-Mail Answers
Answer Posted / shailendra kumar
GOLDEN RULES OF ACCOUNTING are: 1. Debits ALWAYS EQUAL
Credits;
2. Increases DO NOT NECESSARILY EQUAL Decreases; and,
3. Assets - Liabilities = Owner's Equity (The Accounting
Equation).
| Is This Answer Correct ? | 33 Yes | 55 No |
Post New Answer View All Answers
can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?
Anyone whose sbi interview has been over , please share all the question asked by them
give the details of overheads which are not included in costing
Expand---------OTMD
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
what do Loan Loss Coverage Ratio mens describe it with examples?
EXPAND___________INMA
Define the word Profit in terms of business
Short Answer on __________Accrued interest
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
what are all the formulas used in bank to calculate their economy
Expand-------SCAN
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
How can I explain p2p process in SAP?
difference between office expense and miscelleanous expense with some examples
