Golden rules of accounting
Answer Posted / shyam kishor sharma
PERSONAL A/C: DEBIT THE RECIEVER
CREDIT THE GIVER
REAL A/C: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL A/C: DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOME AND GAINS
ASSETS: DEBIT THE INCREASE IN ASSETS
CREDIT THE DECREASE IN ASSETS
LIABILITIES : DEBIT THE DECREASE IN LIABILITIES
CREDIT THE INCREASE IN LIABILITIES
CAPITAL: CEBIT THE DECREASE IN CAPITAL
CREDIT THE INCRESE IN CAPITAL
EXPENSES: DEBIT THE INCREASE IN EXPENSES
CREDIT THE DECREASE IN EXPENSES
INCOME: DEBIT THE DECREASE IN INCOME
CREDIT THE INCREASE IN INCOME
DEBTORS/CREDITORS(PERSONAL A/C)
DEBIT THE DEBTORS
CREDIT THE CREDITORS
IF I AM RIGHT THEN PLEASE MAIL ME
MY ID IS: shyam.info5562@yahoo.in
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Expand ----------GIDB
please tell me questions asked in NICMAR for the post of accounts executive
Three steps for correction in BRS?
Distinguish value andPrice
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
Expand RMP
Expand----------MTSC
what is budgetory control and what are the types
what is the meaning of Processing Vendor/Employee payments
what are all the formulas used in bank to calculate their economy
What is revaluation of Accounts, how does it is accounted in business
Short Answer on ______Budget
outstanding expenses, prepaid or unexpired expenses
What is corporate restructuring?
Difference between cash and merchantile system?