Interested to Buy Any Domain ? << Click Here >> for more details...
What are the 3 Basic Rules in Accounting.
- 167 Answers
- 593172 Views
- AAA, ABC, Accenture, Amba Research, Birla Sun Life, CTS, CWDF, DELL, Franklin Templeton, iGate, IHP, JPMorgan Chase, Lexi Pens, Mastek, Trinity Technologies, VC Engineering, I also Faced
- E-Mail Answers
Answer Posted / shanti timalsena
for personal account
debit to receiver
credit the giver
for real account
debit what comes in
credit what goes out
for nominal account
debit all exp/losses
credit income/gain
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is the use of final account?
How shall I calculate the true profit of my business, as I am a layman for accounting.
how a fund flow statement benefit the individual, corporate?
EXPAND_________SCM
Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
fiscal year variant Vs posting period variant
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
how can make configration related with electronic bank statment and how can i upload bank statment to system
what are all the formulas used in bank to calculate their economy
what are the certificates needed at the time of SBI clerical interview?
give me only one transactions in both side (debit&credit) should be in real accounts
plz send me hsbs finance questions asked in the interview ans appitude also
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
