Golden rules of accounting
Answer Posted / arjun johra
REAL A/C: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PEROSNAL A/C: DEBIT IS RECEIVER
CREDIT IS GIVER
NOMINAL A/C: DEBIT IS ALL EXP AND LOSSES
CREDIT IS GANINS AND INCOMES
In one trasaction statement, there are two a/c will be
involved Ex: X person has deposited Rs. 10000 to HDFC Bank
Rs.10000 is Credit( going out)( Real a/c) and HDFC Bank is
debit is receiver ( Personal a/c)
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
Expand--------TOS
What do you mean by Green-shoe option?
Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
what is undisclosed profit? explain
what are micro-cap, small-cap, mid-cap, large-cap companies?
Expand-----RTD
• What is depreciation and the method?
What are Mortgage Payment Problems?
How do you manage the sales account in tally
you went outside to purchase vegetagles, suddently big rain came then what you will do
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?