what is the golden rules of accounting

Answer Posted / ganapathi k

personal account : debit the receiver, credit the giver.
nomial account : debit was comes in , credit was goes out.

Is This Answer Correct ?    10 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

948


Explain what knowledge should financial accountant have?

643


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

4291


hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards

1655


What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

8169






what is the entry of credit card received excess amount entry in tally and their under group names

879


Why do users of accounting information need accounting information?

602


What is meant by turnover?

636


Tell us what is a cpa?

543


What is an over accrual?

623


What are premises in accounting sense? What is vat adjustment?

644


What is definition of a cash float in accounting?

686


Explain me have you ever heard about tds, what it is?

635


what is loan operations and what are the complete process form from making customer to closure of loan

1670


if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3405