Golden rules of accounting
Answer Posted / shilpi kumari
Personal A/c- Debit the receiver.
Credit the giver.
Real A/c - Debit what comes in.
Credit what goes out.
Nominal a/c - Debit all incomes and gains.
Credit all Expenses and losses.
| Is This Answer Correct ? | 891 Yes | 729 No |
Post New Answer View All Answers
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
Distinguish value andPrice
Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail.
what is Accounting Standers?
Short Answer on __________Trade
Who is called consignor
If its is declared by auditor that business is not going concern that what journal entry will be pass?
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks
What is Summarising
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 Free Cash?
i want know how to calculate it in payroll please mail me the percentages using there ?
what is balancesheet adjustment a/c. what is the use of this a/c in sap fico