Answer Posted / hussain
1. Real Accounts : Debit what comes in
Credit what goes out
2. Nominal Accounts : Debit All Expenses And Losses
Credit All Income And Gains
3. Personal Accounts : Debit the Reciver
Credit the Giver
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
shares convert into share capital what is the journal entry? how many ledgers need to create?
what is profitability ratio and dividend policy ratio
what is the minimum & maximum amount paid by company per day
Do you know what is the importance of team work in this position?
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.
what is the head for stock trnasfer
what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance
Tell us what is a cpa?
What is recording damage inventory in books of account?
bank jobs
any one provide me mm & fi configration steps
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.