Golden Rules Accounts (15th nov-2009)
Answer Posted / srisailam
Personal A\c Debit the reciever
Credit the Giver
Real A\c What comes Debit in
What goes credit out
Nominal A\c All expenses losses Debit
All incomes and gains credit
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
Explain what qualities and skills make an account manager successful?
what is the right process for input credit of Service tax. and on which service i can take credit.
What is batch input? why we use batch input session in SAP(FICO)?
Did you use accounting applications at your previous companies or prefer working manually??
What does the word credit mean in terms of accounting?
Do you know offset accounting?
What are the steps to take before you approve an invoice for payment?
Please explain the difference between provision and reserve?
What is an over accrual?
how to caluclate tds from emloyees and others
What do you mean by gaap in accounting?
What are control ledgers?
Are you comfortable with cold-calling?
Define "book value" as applied to accounting