Showing posts with label FINANCIAL ACCOUNTING. Show all posts
Showing posts with label FINANCIAL ACCOUNTING. Show all posts

Thursday, August 1, 2019

LEARN JOURNAL ENTRY JUST IN FIVE MINUTES ACCOUNTS


  • LEARN JOURNAL ENTRIES JUST IN FIVE MINUTES PART 2
    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