2006-07-30 19:46:24 · 7 answers · asked by sudha m 1 in Business & Finance ➔ Other - Business & Finance
HONESTY
HONESTY
HONESTY
HONESTY
THAT'S SIMPLE
2006-07-30 19:50:07 · answer #1 · answered by snakerock 1 · 0⤊ 0⤋
GOLDEN RULES OF ACCOUNTING are:
1. Debits ALWAYS EQUAL Credits;
2. Increases DO NOT NECESSARILY EQUAL Decreases; and,
3. Assets - Liabilities = Owner's Equity (The Accounting Equation).
2006-08-03 17:17:54 · answer #2 · answered by PK LAMBA 6 · 0⤊ 0⤋
Assets = Liabilities + Capital
Debits = Credits
2006-07-31 04:55:00 · answer #3 · answered by Thrasher 5 · 0⤊ 0⤋
1) Debit the giver, Credit the receiver
2) Credit what comes in Debit what goes out
3) All Income, gains are credit and all losses expenditure are debit
It has been long 8 years I finished with my commerce so I might be wrong somewhere just check it out once.
2006-07-30 19:54:02 · answer #4 · answered by Upal 4 · 0⤊ 0⤋
Ill have to agree with the above, otherwise become a defence attorney
2006-07-30 19:52:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Don't get caught like Kennith Lay!!
2006-07-30 19:52:16 · answer #6 · answered by cognitively_dislocated 5 · 0⤊ 0⤋
debits = credits
:D
2006-07-30 20:02:32 · answer #7 · answered by Anonymous · 0⤊ 0⤋