Showing posts with label ACCOUNTING.ACCOUNTING FOR MANAGEMENT. Show all posts
Showing posts with label ACCOUNTING.ACCOUNTING FOR MANAGEMENT. Show all posts

Friday, August 2, 2019

LEARN JOURNAL ENTRIES JUST IN FIVE MINUTES PART 3


  • LEARN JOURNAL ENTRIES JUST IN FIVE MINUTES PART 3
    PLUS ONE ACCOUNT
  • MBA/BBA/BCOM/CA AND CS FOUNDATION BUSINESS ACCOUNTING
  • RULES ( TRADITIONAL RULES)
  1. PERSONAL ACCOUNTS :- DEBIT THE RECEIVER AND CREDIT THE GIVER
  2. REAL ACCOUNT :- DEBIT WHAT COME IN , CREDIT WHAT GOES OUT
  3. NOMINAL ACCOUNT:- DEBIT ALL EXPENSES AND LOSSES AND CREDIT ALL INCOMES AND GAINS