Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / pooja rani
There is a 3 golden rules of accounting
1- Personal Account -debit the receiver * credit the giver
2- Real Account - debit what comes in * credit what goes
out
3- Nominal Account - DEBIT ALL EXPENSES AND LOSSES, CREDIT
ALL INCOMES AND REVENUES
| Is This Answer Correct ? | 22 Yes | 1 No |
Post New Answer View All Answers
If the company acquires equipment prior to incorporation what are the accounting entries?
Is push down accounting accepted under generally accepted accounting standards?
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
what is the manual procedure for accounting
"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
What is mutual fund what is derivatives what is capital market what is TDS.breifly
What are the activities that are included in the cash flow statement?
what is capital reserve
How do you prepare a balance sheet from a trial balance?
what accounts payable applications are your familiar with?
How do you add/remove a payment block for particular invoice ?
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
whats difference between manufacturing account & cost account
What is the difference between the accrual accounting and cash accounting?
