what is the golden rules of accounting

Answer Posted / sudheer

real account:- debit what comes in
credit what goes out
personnal accout:- debit all expenses and losses
credit all incomes and gains
nominal account:- debit all expenses and losses
credit all incomes and gains

Is This Answer Correct ?    14 Yes 20 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is Provision Entry

1269


which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan

1852


whats difference between manufacturing account & cost account

1762


entry for cash received from debtors

1246


What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.

1550






Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year  What will be JV for this year and next year?- Thank you

2320


What is difference vat

1755


What is aggregate Liabilities ?

1891


How can I put Bank Guarantee Receipt entry in Tally ERP9?

3455


Explain in simple terms what is the difference between asset, equity, and liabilities?

702


what is the enty for contract bill raised?

1912


if you are a hard working nature conclude your self?

1666


What are the various systems of accounting? Explain them.

684


What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.

1881


What is purchasing order?

813