Golden rules of accounting
Answer Posted / shankar.l
personal a/c: debit the receiver and
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 ? | 0 Yes | 0 No |
Post New Answer View All Answers
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company
what you mean by cross dunning
service tax form no ? What is CC Limit ? What is branch accounts?
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
EXPAND______________IARCS
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
what is the step in preparing the schedule of audit? can someone explain for me?
what is meant by virus
You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
What is Inventory Control?
difference between office expense and miscelleanous expense with some examples