what are the golden rules of accounts and the items of
personal accounts,real account,nominal accounts?
Answer Posted / deepak chikane
for personal accounts
debit the reciver and credit the giver
(e.g.PERSONS ram sham ARTIFICIAL PERSON firm,socity)
for real account
debit what comes in cerdit what goes out
(e.g. land and building,plant,cash)
for nominal account
debit all expenses and losses and credit all income and gain
(e.g.rent,salary,divident recived)
Is This Answer Correct ? | 14 Yes | 0 No |
Post New Answer View All Answers
what are your plans after completing your MBA (or) studies ?
Who is called consignor
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
Distinguish between sale and consignment
Accounting related interview questions on ibm
What is Risk Assessment?
what is the organisation chart for accounting and finance ?
Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
Provision of Bad Debts is made in compliance with the convention of -----------
Which entry we pass self entry like cash withdraw for ourself
i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed assets and after this we put the fuel in this for trial then this fuel is our also capital exp
Expand--------CMTS
Total numbers of companies listed on stock Exchange?