Answer Posted / naveengokarapu@gmail.com
Accounts are classified into 3 types:
1.PERSONAL ACCOUNTS DEBIT- THE GIVER
CREDIT THE RECEIVER
2.REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
3.NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
Is This Answer Correct ? | 5 Yes | 3 No |
Post New Answer View All Answers
what is the frienge benefits tax?what is usefull?
Expand-------SCAN
paid two years rent N1200, bought Motor van for cash N3000
What is the procedure to become charted accountant in India now. Please answer this is urgent
difference betwwen the 4.6 & 4.7 ecc versions
Meaning of portfolio management?
Expand---------PED
Expand-------ANC
Short Answer on _________________City Compensatory allowance
What is written off?
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 problems might be encountered if there were no accounting standards?
Expand---------TDCB
please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam
Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector