What are the 3 Basic Rules in Accounting.
Answer Posted / ashwini c
1 personal account
debit the receiver
credit the giver
2 nominal account
all the expenses and losses debit
all the income and gains also credited
3 real account
what comes in debit
what goes in credit
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
honararium for the month of march 2013 can be paid on 31 mar 2013
Anyone whose sbi interview has been over , please share all the question asked by them
Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office
WHAT ARE EQUITY SECURITIES?
if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.
please explain the uses of internate protocol address(ip add)?
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
What part can management policy play in the analysis of cost behaviour?
Comments Elements in accounting
how there face in lvbank interview
what is controlership?
KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)
With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE