3 GOLDEN RULES OF ACCOUNTING...
PERSONAL ACCOUNTS
Debit the receiver
Credit the giver
REAL ACCOUNTS
Debit what comes in
Credit what goes out
NOMINAL ACCOUNTS
Debit all expenses and losses
Credit all gain and income
Business started with cash rs 1,50,000
CASH ACCOUNT DR 1,50,000
TO CAPITAL ACCOUNT 1,50,000
( BEING CASH INTRODUCE IN BUSINESS )
THANKS
Answer:
Hy
Many many happy returns of the day dear bhoot
May ur all wishes come true Yaar my god bless u with all the best wishes and have the best year 2021 be happy bhoot
Eat this cake ok
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Answers & Comments
3 GOLDEN RULES OF ACCOUNTING...
PERSONAL ACCOUNTS
Debit the receiver
Credit the giver
REAL ACCOUNTS
Debit what comes in
Credit what goes out
NOMINAL ACCOUNTS
Debit all expenses and losses
Credit all gain and income
_______________________
Business started with cash rs 1,50,000
CASH ACCOUNT DR 1,50,000
TO CAPITAL ACCOUNT 1,50,000
( BEING CASH INTRODUCE IN BUSINESS )
_________________________
THANKS
Answer:
Hy
Many many happy returns of the day dear bhoot
May ur all wishes come true Yaar my god bless u with all the best wishes and have the best year 2021 be happy bhoot
Eat this cake ok