Golden rules of accounting
Answer Posted / senthamil kumaran
Personal Account: Debit the receiver
credit the giver
Nominal Account : Debit all expenses and losses
credit all incomes and gains
Real Account : what comes in Debit
what goes out credit
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What are direct income and indirect income
WHAT ARE EQUITY SECURITIES?
Expand DEHM
where we have file E-returns in SAP FICO-CIN/Wtax?
What is outsider equity and time interest period ratio?
how many types of practice accounts?
Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful
what is controlership?
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
What are the stages involved while preparing business blue print with examples?
when calculating for np% do i include interest or do i take it off
What is COVER payment?
Short Answer on _______Appropriation
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
Example for extra ordinary expenditure?