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...

What is the three golden rules in Accounts ?

Answer Posted / chandrakala

Debit what comes in
Credit what goes out

Debit the receiver
Credit the giver

Debit all expenses and losses
Creit all incomes and gains

Is This Answer Correct ?    41 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain me what is important to effective market analysis?

1065


describe the rule of garner vs murray and how it relates to the dissolution of a partnership

5363


How does accounting contribute to the community?

1096


What steps would you take to locate the errors in case trial balance disagrees?

1040


What are control ledgers? What are the purposes of maintaining it?

1149


How do you prepare a balance sheet from a trial balance?

1094


What is computerized accounting?

1045


Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income

1807


What are the criteria for accounting job?

1915


what is groups and and ledgers in tally can you give why we need to prepare them

2513


Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?

2342


Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.

2179


Explain me the term material facts in accounting?

1110


purchase return liability or asset?should it be included in the balanced sheet?

1528


is goods in transit will be liable for entry tax ?

1686