What are the 3 Basic Rules in Accounting.
Answer Posted / prakash
1. Debit to receiver
Credit to giver
2. Debit what comes in
Credit what goes out
3. Debit All Exp /Loss
Credit Income/Gain
| Is This Answer Correct ? | 21 Yes | 2 No |
Post New Answer View All Answers
what is the meaning of call in arear
What is the accounting treatment for finance lease in lessee's viewpoint?
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
please tell me questions asked in NICMAR for the post of accounts executive
Clasify Loss
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
What is meant by Nostro Reconciliation
what is absorbtion coasting?
what is the process of excise duty?
Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
How you implemented a chargeback system?
Expand--------CMTS
does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP