Golden rules of accounting

Answer Posted / manish chourasia rohini, deogh

real a/c : debit what come in
credit what goes out

nominal a/c :debit all expenses & loses
credit all profit & gain

personal a/c :debit the recevier
credit the giver

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

plz send me the apptitude question papers of wipro

1691


Distinguish capital and Revenue receipts

1760


Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.

1493


what are the customization u have done in sap mm

1817


what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?

1500






which are the basic princeples of accountancy... with examples

1733


What are the rates of Depreciation? Like machinery items, wooden items?

1547


proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario

1043


What goals do you have in your career

1946


Short Answer on __________Revenue

1486


WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

1685


how to do the finalise of account? what is the step? why we need to do like that?

1571


whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account

1867


What is the defination of job costing, batch costing and contract costing?

3705


how to mention last year profit of ay private limited company in current year balance sheet ?

819