what is basic accounts rule?
Answer Posted / venugopal
nthe three golden rules of a/cs is
1. personal a/c
debit the receiver
credit the giver
2. real a/c
debit what comes in
credit what goes out
3.nominal a/c
debit all expenses & losses
credit all income and gains
| Is This Answer Correct ? | 34 Yes | 3 No |
Post New Answer View All Answers
What is the definition of LOSS. Give the formula if any.
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?
EXPAND_________SCM
.,can someone tell me how to compute the subscribed capital share?
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.
Short answer on Amalgamation
Short Answer on _____________Intangible Assets
• What are the types of cash flows?
Who to create a budget on software company
how many types of financial teribuanal? what is that?
if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?