Interested to Buy Any Domain ? << Click Here >> for more details...
What are the 3 Basic Rules in Accounting.
- 167 Answers
- 598343 Views
- AAA, ABC, Accenture, Amba Research, Birla Sun Life, CTS, CWDF, DELL, Franklin Templeton, iGate, IHP, JPMorgan Chase, Lexi Pens, Mastek, Trinity Technologies, VC Engineering, I also Faced
- E-Mail Answers
Answer Posted / prashanthi
3 basic rules in accounting
personal account:persional accounts are accounts of persons
with whom a concern carries on business.
debit is the receiver
credit is the giver
Real accounts:accounts relating to properties or assests of
a trader are known as real accounts
debit what comes in
credit what goes out
nominal accounts:accouts dealing with expenses losses,
gains and incomes are known as nominal accounts
debit all expenses and losses
credit all incomes and gains
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Being BE student why you want to join bank?
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
What three Specific Job Positions do you target from the Industry
Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it
how to download online - old ECR CHALLANS
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
Expand---------MNOP
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
Expand ________FIPB
Distinguish value andPrice
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
while i creating a main asset master there is a error called process being terminated? pls send the solution
EXPAND_________SEAMEC
How to maintain Purchase Orders ? Please explain by proper format.
