account basic
This query is : Resolved
Rajeev Kumar
(Querist)
28 December 2009
account rules
CA Tilak Raj Sharma
(Expert)
28 December 2009
Please go through 10+1 accounts book for basic of accounts.
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.
(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.
ANIL JANGID
(Expert)
28 December 2009
AGREE
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