Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Golden rules of accounting

Answer Posted / macchindra sambhaji kadlag

Personal A/c-
Debit the receiver
Credit the giver

Real A/c-
Debit what comes in
Credit what goes out

Nominal A/c-
Debit all expences and losses
Credit all incomes and gains

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

define drawer or maker

4285


explain about mergers & aquisitions? asked on 30/7/09

2307


EXPAND___________NPO

1937


cash sales and credit sales both are asset or liability?

1495


What is deffered income

2362


why gross profit transfering to profit & loss account

4369


You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger

3491


does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP

2258


what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year

2620


what is waybill key number & how can it be issue?

2394


what is ZBA hold & balance hold in banking?

2333


HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?

2022


What is a bad credit score?

2110


write about an e-mail to manager seeking permission for leave

4881


Tell me about how you have left a position better than you found it

2073