Golden rules of accounting
Answer Posted / hamza arif
PERSONAL ACCOUNT:DEBIT THE RECIEVER
CREDIT THE GIVER
REAL ACCOUNT: DEBIT WHTS COME IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNT: DEBIT ALL EXPENSES AND LOSES
CREDIT ALL INCOMES AND GAIN
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.
Indian Iran Gas pipeline
Short answer on Amalgamation
Short Answer on ________Ad-Valorem Duties
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
what is the meaning of call in arear
How to increase our credit rating score quickly?
My name is Tasha actually I had put my file for Australia PR on basis of Hairdresser, and I have shown my qualification of 10th passed, but I done my B.Com with Accountancy, and presently I am working as Accountant,Now I want to put up my file for Australia Student is it possible, and my age is 36 yrs, I had already given my IELTS (Academic) and I have scored 6 bands, but its period has been expired,please give me some answer what to do next.
what is the procedure of interview question in genpact
HOW TO MAINTAIN BANK A/C
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
EXPAND___________NPO
Up to what time we can show TDS Receivables under Advance Income Tax A/c?
How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?