Interested to Buy Any Domain ? << Click Here >> for more details...
Let me know why we debit expenses and credit revenues
- 3 Answers
- 5541 Views
- I also Faced
- E-Mail Answers
Answer Posted / sindujaramkumar
according to the rule of nominal account
Debit all expenses and losses
credit all incomes and gains
we are debiting the expenses and cediting incomes
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
i want report country wise with invoice number for gl account
Expand---------SDRT?
what are the important steps to take during the conversion of an accounting system.
I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
joint venture?
how to do the recurring entries or steps to follow that
what is meant by transposition error
Feature of Master letter of credit of Garments manufacturing company?
what is undisclosed profit? explain
What is the difference between payable and accrual
Expand---------MNOP
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
what are Blue-Chip companies?
