Three major accounts and their rules, accounting, Basic Statistics

Assignment Help:

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

 

 

 


Related Discussions:- Three major accounts and their rules, accounting

Capital projects funds, Capital projects funds Capital projects funds are ...

Capital projects funds Capital projects funds are used to account for the acquisition &/or structure of major capital facilities [other than those financed by proprietary funds &

Stock control, Two components, A and B, are used as follows: normal usage -...

Two components, A and B, are used as follows: normal usage - 50 per week each minimum usage - 25 per week each maximum usage - 75 per week re-order quantity - A:300; B:500 re-order

Y-axis component of the centroid for an object, I would just like the formu...

I would just like the formula to find the y-axis of a centroid.

Student, Design an activity based cost system requires that: a) the job bid...

Design an activity based cost system requires that: a) the job bid process redesigned b) resource costs be linked to the activities performed c)the cost of activities be linked to

Degree of tastiness, A researcher is interested in comparing tastiness of d...

A researcher is interested in comparing tastiness of different parts of cheese in grilled cheese sandwiches.  The researcher expects that Cheddar cheese grilled sandwiches are rate

What is the margin of error, The National Quality Research Center at the Un...

The National Quality Research Center at the University of Michigan provides a quarterly measure of consumer opinions about products and services (The Wall Street Journal, February

Correlation analysis and coefficient, Individual Music scores Mathematics s...

Individual Music scores Mathematics scores Angela 2 8 Arthur 6 3 Peter 4 9 Mike 5 7 Barbara 7 2 Jane 7 3 Jean 2 9 Ruth 3 8 Alan 5 6 Theresa 4 7 Assess the data using a Correlation

Financial accounting about Collison (1998:7), if "profit" maximisation is b...

if "profit" maximisation is biased towards maximising the interest of only one stakeholder group, would you expect that over time there will be less emphasis on profit and more emp

Calculate the p-value for the test statistic value, A subject is asked to p...

A subject is asked to pick the suit of a card that she does not see, picked at random from a standard deck of playing cards. If the subject has no extra-sensory powers (ESO) her gu

Differences between ifrs and gaap, While the differences between IFRS and G...

While the differences between IFRS and GAAP are reducing, there still are significant differences between the two. While the IFRS has been developed by the IASB (International A

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd