Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 714060 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answer Posted / prashant
Personal Account Debit the Receiver
Credit the Giver
Real Account Debit What Comes In
Credit What Goes Out
Nominal Account Debit all Expenses and Losses
Credit all Incomes and Gains
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
which are the basic princeples of accountancy... with examples
what are the difference between banking institutions and financial institutions?
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
What is accounts payable?
Why you want to leave your present job while they offer you with good offer?
what is the accounting conventions
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
Name some errors which can be detected by Trial Balance
what tax will be on puchasing of sweets and is necessery to use form 38.
what is the difference between accounts manager and finance manager?
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
Expand----------CMST
