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account basic

This query is : Resolved 
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(Querist)
28 December 2009 account rules
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
28 December 2009 Please go through 10+1 accounts book for basic of accounts.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
28 December 2009 1. Dr what comes in and Cr what goes out.
(For Real Accounts like Sale, Purchase, Cash, Bank etc.)

2. DR. the Receiver and CR.the Giver
(For Personal A/c)

(Note : Here D represents Debit and R represents Receiver).

3. Dr the expenses or losses and Cr the income and gains.

--------------------------------

For easy understanding :

4. Debit all assets and Credit all liabilities.

5. Follow the suggestion of CA Tilak Raj.
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ANIL JANGID

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ANIL JANGID (Expert)
28 December 2009 AGREE
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