Golden rules of accounting
Answer Posted / v.r. madhavan
rule 1 - credit what comes in and debit what goes out
rule 2 - credit exps and losses and debit incomes and gains
rule 3 - credit the receiver and debit the giver
rule 4 - credit (what goes out+incomes and gains+giver)
debit (what comes in + exps and losses + the receiver)
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
let me know the minimum Accounting Heads in an accounting system
Expand BEMS
what is the main difference between nse & bse operations
explain sales/purchase accounting?
What are the benefits ofparticipation in a depository?
Expand--------OTA
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
Difference between cash and merchantile system?
why are you selecting for the profitbulity analysis costing based& active based
Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
How is the expenditure of developing a modified product treated?
commisiion recieved journal entry and receipt required