Golden rules of accounting
Answer Posted / mandar
REAL ACCOUNTS DEBIT WHAT COMES IN.
CREDIT WHAT GOES OUT.
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES.
CREDIT ALL INCOMES AND GAINS.
PERSONAL ACCOUNTS DEBIT THE GIVER.
CREDIT THE RECEIVER.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Take me through the entire vendor cycle.
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
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 ?
What is the difference between payable and accrual
Provision of Bad Debts is made in compliance with the convention of -----------
Let me know the difference between cash flow and free cash flow
Weather Entry tax on consumable goods purchased against CST
what are the models of valuation of the company
Why you choose commerce faculty & not science or Why you are in commerce & not in science ?
What are the question asked for accounts associate
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
Expand SOIT
With a 600 credit score, how to improve my credit rating score?
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?