what is the golden rules of accounting?
- 8 Answers
- 12171 Views
- Chartered Accountant, I also Faced
- E-Mail Answers
Answer Posted / m.venky
there are 3 main golden rules in accounting. there are
1. personal account: giver is credit
receiver is debit
2. real account: what comes in - debit
what goes out - credit
3. nomincal account: all expences and losses - debit
all incomes and gains - credit
| Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
what are the rules and regulations of junior accountant
Expand---------ODMT
What Question ask in MARKIT Company?
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
How do we return the loan in equal installments with interest in tally
Expand-------ANCS
which are the basic princeples of accountancy... with examples
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
What is miscellaneous expense and when it is used
Short Answer on __________Accrued interest
Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
Expand BFSI
