Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is golden rules of account?

Answer Posted / bikash knata tripathy

personal a/c - debit the receiver, credit the giver

real a/c - debit whats comes in, credit whats goes out

nominal a/c - debit all expenses & losses, credit all incomes
and gains

Is This Answer Correct ?    36 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is t code of journal voucher report with amount?

2236


How new/innavtive assets are to be treated under IFRS?

1965


is goods in transit will be liable for entry tax ?

1712


What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1683


when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions

1964


paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.

1740


Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income

1832


How to pass workscontract sale invoice which includes WCT & VAT.

2230


Is the shadow balance present in bank account always credited or bank may reverse it as well?

1101


What is the master account?

1036


What are a debit note and credit note with an example?

1077


Mention in simple terms what is the difference between asset, equity, and liabilities?

1004


What does the abbreviation m mean in accounting?

1124


What is the difference between perpetual & periodic inventory system?

1061


what is different between leaser of subsidary book and journal?

1977