Golden rules of accounting
Answer Posted / vinita
Debit what comes in Real A/c
credit what goes out
Debit all Expenses & losses Nominal A/c
Credit all Incomes & gains
Debit the receiver Personal A/C
Credit the Giver
| Is This Answer Correct ? | 7 Yes | 2 No |
Post New Answer View All Answers
what are the customization u have done in sap mm
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?
i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed assets and after this we put the fuel in this for trial then this fuel is our also capital exp
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
what tax will be on puchasing of sweets and is necessery to use form 38.
what is the meaning of Processing Vendor/Employee payments
What is revaluation of assets.when it occurs
How can a company reduce profit
What si the differance between REVENUE and PROFIT?
what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c
can i get exact salary of clerk in SBI. and i want to know about promotion details .....
why do you want to work here?
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario