Three major accounts and their rules, accounting, Basic Statistics

Three major Accounts and their Rules

There are three major Records which are

a) Personal Accounts

b) Real Accounts

c) Moderate Accounts

Rule for Personal Account: Charge the Receiver and Credit score the Giver

Rule for Real Records: Charge what comes in and Credit score what goes out

Rule for Moderate Records: Charge All expenses and Losses and Credit score all incomes and gains.

Unique solution in accounting

 

 

 

Posted Date: 3/27/2012 4:34:00 AM | Location : United States







Related Discussions:- Three major accounts and their rules, accounting, Assignment Help, Ask Question on Three major accounts and their rules, accounting, Get Answer, Expert's Help, Three major accounts and their rules, accounting Discussions

Write discussion on Three major accounts and their rules, accounting
Your posts are moderated
Related Questions
To bring Mr. Kid to justie, the company must reconstruct its activities for June. You have been assigned to perform the task of reconstruc*ion. After interviewing selected employee

Callaway's new driver has been described as illegal because it promises driving distances that exceed USGA standards. Golf Digest conducted a test consisting of nine drives with

Choose a topic that interests you that you can explore either with the 2006 GSS. You should have one primary "dependent" variable that you are interested in (Y). This variable shou

19. Welnor Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store''s operations follow: • Sales are budgeted at $320,000 fo

what are commonly missed driver''s test questions?

Ask questionmethods of business forecasting #Minimum 100 words accepted#

The amount of time it takes the IRS to send a refund to taxpayers is normally distributed with a mean of 12 weeks and a standard deviation of 3 weeks. What proportion of the taxpay

Define Payroll Withholdings The U. S. earnings tax system-as well as most condition earnings tax systems-requires business employers to hold paycheck taxation from their staff'


Consider an economy specified by the following:       Y = PE = C + I + G + NX                            (Income identity)       C = 400 + 0.9YD