Answer Posted / mani - tnmsc
Golden Rules of Accounting
Personal A/c.: Debit - The Receiver
Credit - The Giver
Real A/c.: Debit - What comes in
Credit - What goes out
Nominal A/c.: Debit - All Expenses and Losses
Credit - All Incomes and Gains
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
Please guide in details about Payroll in Tally.erp9??
What is the difference between a provisions and reserves?
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
How Can We Justify the,Real A/C & Nominal A/C?
Explain different branches of accounting?
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
Tell me what is the general classification of accounts that usually ledger account involve?
how to treat investment fluctuation fund in case of death of a partner
What is meant by public accounting?
What are the fictitious assets?
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
what is valuation code and valuation modifier in sap fico
What is the use of form D in sale tax
what is opening stock formula?
What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956
