What are the 3 Basic Rules in Accounting.
Answer Posted / lalitha kumari
Personal Account
Real Account
Nominal Account
Personal Account:
Debit the receiver
Credit the giver
Real Account:
Debit what comes in
Credit What goes out
Nominal Account:
Debit all expenses and loses
Credit all incomes and gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
is anybody attended interview in ernst&young for EMS PROCESS , pls let me know abt the written test and what type of report writing
where we use the convetion of conservatisam in real life??
Have you worked with other on team endeavors
What exactly balance sheet depicts
What is the basic difference between pledge, hypothication and mortgage????
Expand---------NPTO
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
Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector
Why do you want to work with us
What are the things are not Included in Annual Reports?
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
what is GL Balance
What is meant by consignment
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
how to do the recurring entries or steps to follow that