Golden rules of accounting
Answer Posted / hitesh
real a/c : debit what come in
credit what goes out
nominal a/c :debit all expenses & loses
credit all profit & gain
personal a/c :debit the recevier
credit the giver
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
what is Contra Asset?
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
what are responsibilities of an accountant in a company?
what is waybill key number & how can it be issue?
Expand-------ANTS
what you mean by cross dunning
When is a dedit note raised When is an expense booked
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
how to download online - old ECR CHALLANS
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
What is corporate restructuring?
what is cost audit?
whst is detailed information aboutaccounting standards 20to 29
why gross profit transfering to profit & loss account