Golden rules of accounting
Answer Posted / ajeet shekhawat
Accounting defination is so simple while business we
collect our data and create our accounts. in accounts we
use three account catagories. as like first personal a/c,
second nominal a/c and last real a/c. method of use to this
a/c only use debit & credit. but some adjustement is must.
Personal a/c - debit what comes in, credit what goes out
nominal a/c - debit all expences and losses, Credit all
gains and incomes.
Real a/c- debit all reciever while credit tha giver.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
how to check which item is sold by the sundry debtors in tally?
Expand-------ANC
what is the difference between Assets Allocation & Security selection?
what's accounts payable
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
what is participation right is it a debt? or not?
We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.
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.
bill to addres? ship to addres? rimit to address?
Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?
What is Compliance?
Nature of training account with reason
what is the main link between the income statement and the balance sheet?
what is non stock?
why specifically inited states ?