What are the golder rules of Accounts ?
Answer Posted / ashish
Rule 1 : Debit what Comes in Credit Wat Goes out
Rule 2 : Debit the reciever, Credit the giver
Rule 3 : Debit all expenses, losses and assets credit all
incomes, gains and liabilities
| Is This Answer Correct ? | 150 Yes | 43 No |
Post New Answer View All Answers
What is outsider equity and time interest period ratio?
why cost center is assign to gl account in sap
what are the importance accounting entries for AP and AR process in interview..
what is budgetory control and what are the types
How shall I calculate the true profit of my business, as I am a layman for accounting.
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
Expand DPCO
do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.
what are the steps used in UAT in Oracle Apps?
How can retify the errors in the trial balance
What is back value adjustment/correction in Nostro Reconciliations?
what are the models of valuation of the company
What is Free Cash?
deffered tax treatment in financial statements