Personal a/c : " Debit the receiver, Credit the giver." Real a/c : " Debit what comes in, Credit what goes out." Nominal a/c : " Debit all expenses & losses, Credit all incomes & gains."
A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders. Dividends can be issued as cash payments, as shares of stock,...
According to the Cost Concept, an asset is recorded in the books of account at the price paid to acquire it and the cost is the basis for all subsequent accounting of the asset. Since the acquisition...
Golden Rules of debit and credit 1. Personal accounts : Debit the receiver & Credit the giver (supplier).2. Real accounts : Debit what comes in & Credit what goes out.3. Nominal accounts : Debit...
The objective of CBSE examinations/ study material is to provide teaching material to the students to enable them to obtain knowledge in the subject. Once you are aware of the syllabus, the next step is...