What are the 3 Basic Rules in Accounting.
Answer Posted / kesavarao.k
1. Debit to receiver
Credit to giver
2. Debit what comes in
Credit what goes out
3. Debit All Exp /Loss
Credit Income/Gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
why cost center is assign to gl account in sap
explain the difference between LIFO and FIFO?
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
how to pass journal entry or where to show forein transaction reserv in Bal sheet. pls explain basic
What is meant by Nostro Reconciliation
what is the meaning of input vat & out put vat?
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
What are the question asked for accounts associate
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
What are Home Equity Loans ?
whst is detailed information aboutaccounting standards 20to 29
what is the accounting conventions
which kind of expenses or Income will come under direct expenses or Income ?
how an accountant can do budgetery controls of expenses?