Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / neha
Its depend upon the golden rules of account. They are:-
1) Personal Account: "Debit the Receiver,Credit the Giver".
2) Real Account: "Debit what comes in, Credit what goes
out".
3) Nominal Account: "Debit all expenses & losses, Credit
all incomes & gains".
Hope u'll get ur answer.
| Is This Answer Correct ? | 10 Yes | 3 No |
Post New Answer View All Answers
What is Home Loan Modification?
Expand-------SCAN
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
Is TDS applicable to Voice Over IP(VOIP) service to an India VOIP service provider? please provide the related acts and case studies.
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
Straight line method to using Indian company names
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
what is the main link between the income statement and the balance sheet?
What is the accounting treatment for finance lease in lessee's viewpoint?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Can I check my Vantage credit score range online?
What do you mean by Green-shoe option?
hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com
what is meant by transposition error
