What are the golder rules of Accounts ?
Answer Posted / ravi agarwal
1. Debit the receiver, and credit the giver.
2. Debit what comes in, and credit what goes out.
3. Debit all expenses, and losses and
credit all incomes, and gains.
Is This Answer Correct ? | 52 Yes | 7 No |
Post New Answer View All Answers
who introduces the single entry format?
Expand-------ANTS
deffered tax treatment in financial statements
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
Define Salry for the following purpose 1.To calculate HRA
What si the differance between REVENUE and PROFIT?
how to pass journal entry or where to show forein transaction reserv in Bal sheet. pls explain basic
Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?
what is the use of accounting standards
how to make a project accounting in tally erp9 ?
explain sales/purchase accounting?
plz send me a solved paper on SBI of clerk post
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
How can fictitious assets be measured or valued?
WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?