Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What are the 3 Basic Rules in Accounting.

Answer Posted / rikesh

Personal Account :
Debit : The Receiver
Credit : The Giver

Real Account :
Debit : What comes in
Credit: What goes out

Nominal Account :
Debit : The Expenses OR loss
Credit : The Income OR profit.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Short Answer on _________Commerce

1845


what is Rectification of Errors ?

2232


how Mis reports are used?n why it is used ? explain

2019


How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?

2505


Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.

3073


Expand DPCO

2124


I have complited my ERP course in FICO module. Now I want to work in ERP package. Please suggest me how I will apply for the organisation works in ERP environment.

1905


Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?

2068


where we have file E-returns in SAP FICO-CIN/Wtax?

2652


Who is called consignor

1986


EXPAND______________ICT

1959


how will you create the posting periods 3 and 5 or 5and 7?

2106


EXPAND_________SEAMEC

2010


how will i develop my fears in interviewd?

2032


When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm

2149