Interested to Buy Any Domain ? << Click Here >> for more details...
What are the accounting principles or concepts.Expalin briefly.
- 6 Answers
- 14974 Views
- Capital IQ, Genpact, Hyundai, I also Faced
- E-Mail Answers
Answer Posted / s.v.ramana
1.Personal Accounts:
Debit the receiver, Credit the giver
eg. Rama a/c, SBI a/c, Shri & Co, a/c
2.Real Accounts (Assets Account):
Debit what comes in, Credit what goes out
eg. Furniture, Machinery etc.
3.Nominal Accounts :
Expences & losess should be Debit, Profits & Gains should
be Credit
eg. Rent a/c, Interest Received
| Is This Answer Correct ? | 38 Yes | 13 No |
Post New Answer View All Answers
Accounting related interview questions on ibm
Expand---------MDOT
Expand-----RTD
How do you handle lack of direction or working in chaos
Expand---------MNOP
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
what is the process of excise duty?
interest paid comes under which head
Expand---------ODMT
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
Do v call director in the partnership firm?
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
HOW TO MAINTAIN BANK A/C
in what form is crr kept in RBI?
