What are the golder rules of Accounts ?
Answer Posted / arun
it also known as thumb rules of accounts
1.personal accounts
Debit the receiver
credit the giver
2.Real accounts
debit what comes in
credit what goes out
3.Nominal accounts
debit the expenses and losses
credit the income and gain
Is This Answer Correct ? | 40 Yes | 1 No |
Post New Answer View All Answers
Explain valuation methods of Normal and Abnormal loss
Please do tell me about the questions which are asked at BACS FINAL ROUND.
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
What is Acquisition?
Expand-------CSNA
What is miscellaneous expense and when it is used
Expand---------OST
Expand---------PED
how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
which kind of expenses or Income will come under direct expenses or Income ?
What Settlement details are required on the delivery instruction slip?
how to solved the shares qusionas ?
Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c
how many types of practice accounts?
What is Budgeted capital ?