what are the golden rules of accountancy about debit and credit ??what r the rules of recognition of nature of any account type so as to solve questions related to journal entry???pls help guys!!!

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Lakshmi Chandrasekaran answered this

GOLDEN RULES OF ACCOUNTING

DEBIT CREDIT

PERSONAL A/C reciever giver

REAL A/C what comes in what goes out

NOMINAL A/C All the expenses and losses All the profits and income

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Rajeshree Nikhal answered this

golden rules of acount are:

1.presonala/c

debit....the receive

credit..... the giver

2. reala/c

debit.... what comes in

credit..... what goes out

3. nominal a/c

debit ...all expenditure & losses

credit..... allthe income & gains

Nabanita Sen answered this

debit in and credit out it is the most basic rules of accounting

Vasishta.krishna answered this

yeah debit in and credit out is the golden rule.... there are specific rules for recognition bit we need to classify them in to assets and liabilities then for journal entries we must see whether the transaction are in accounting terms i.e, real a/c ,perrsonal a/c , and nominal a/c....

the rules gosa follows 4 asstor real a/c

its DEBIT WAT COMES IN AND CREDIT WAT GOES OUT

PERSONAL A/C

DEBIT THE RECIEVER CREDIT THE GIVER

NOMINAL A/C OR LIABILITIES A/C

DEBIT EXPENSES AND LOSSES AND CREDIT ALL INCOMES AND GAINS

remember if u know one thing it can be debit or credit u can just close ur eyes and write the other entry as debi or creditt

coz there wil be a debit and a credit entry in a transaction.......

Ravi Meena answered this

1. personal a/c.

debit the reciver

credit the giver

2.real a/c.

debit what comes in the business

credit what goes out from the business

3.nominal a/c.

debit all expenses and loss

credit all gains and income

Kewal Srivastava answered this

There are three types of accounts

1.persosnal A/C.

2.Real A/C.

3.Nominal A/C

Personal A/C

Dr. Is Receiver

Cr. is Giver.

Real A/C

What's Come in Dr.

Whats's Goes out Cr.

Nominal A/C

All income is Dr.

All expenses is Cr.

Lili answered this

1)PERSONAL A/C

*debit the receiver.

*credit the giver.

2)REAL A/C

*debit what comes in.

*credit what goes out.

3)NOMINAL A/C

*debit all xpences and losses.

*credit all incomes and gains.

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Navpreet Bindra answered this

personal a/c - all names, bank, creditors, debtors

nominal - expense, losses, discount allowed and received, revenue, income

real - all assets

Arpit Khattar answered this

personal A/C- dr. the reciever & cr. the giver

real A/C- dr. what comes in & cr. what goes out

nominal A/C- dr. the expenses & losses & cr. the income & gains

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Diksha Sharma answered this

for personal- debit the receiver and credit the giver.

for real- debit what comes in and credit what goes out

for nominal- debit all the expenses and losses and credit all incomes and gains.

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Suhas Keshav Bali answered this

Suhas Keshav Bali

A) Personal Account:

1) Debit the receiver.

2) Credit the giver.

B) Real Account:

1) Debit what comes in.

2) Credit what goes out.

C) Nominal account :

1) debit all expences losses.

2) Credit all icomes gains.

Posted By Suhas K eshav Bali(Washim,Maharashtra).

Student(1.7.2007).Commerce.

Suhas Keshav Bali answered this

"GOLDEN RULES OF ACCOUNTING"

"DEBIT'","CREDIT".

A) PERSONAL A/C:

1) Debit the receiver.

2) Credit the giver.

B) REAL A/C:

1) Debit what comes in.

2) Credit what goes out.

C) NOMINAL A/C:

1) Debit all expences losses.

2) Credit all incomes gains.

Suhas Keshav Bali (Washim,Maharashtra).

Student (1.7.2007) Commerce.

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Mohammed Hashim answered this

Golden rules of Accounting:

1. Personal a/c:- Debit the Reciever Credit the giver.For Eg: All names like bank,debtors , creditor etc.

2. Real a/c:- Debit What comes in Credit What goes out. For Eg:All assets like Machinary, furniture etc.

3.Nominal a/c or Liabilties a/c:- Debit all expenditure and losses, Credit all incomes and gains. For Eg:expences, losses, Discount allowed and recieved.

Manju answered this

There are 3 golden rules of accounting.

Real Accounting:Dr - what comes inCr - what goes outExample: Cash/Bank, RentPersonal Accounting:Debit is the receiverCredit is the giverExample: Vendor, CustomerNominal Accounting:all gains and income are creditall losses and expenses are DebitExample: Sales, Purchase

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Manju answered this

There are 3 golden rules of accounting.

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Rakesh Kumar answered this

golden rules of acount are:

1.presonala/c

debit....the receive

credit..... the giver

2. reala/c

debit.... what comes in

credit..... what goes out

3. nominal a/c

debit ...all expenditure losses

credit..... allthe income gains

Posted by Rakesh Kumar(student), on31.03.2014

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Reshmi Ravindranath answered this

3 golden rules of accounts with examples

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Vishwanath Hegde answered this

dvfg

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Alok Kumar Jha answered this

On Going Consfet-ishka mujhe answer chahiye

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Bishal Jha answered this

POSTED BY BISHAL JHA

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Nithya Natarajan answered this

Personal a/c : Debit the receiver

Credit the giver.

2. Real a/c : Debit what comes on
Credit what goes out.

3. Nominal a/c : Debit all Expenses & losses
Credit all Incomes & Gain.

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Kartikay Singh answered this

1. Personal a/c :?Debit the receiver? ? ? ? ? ? ? ? ? ? ? Credit the giver.

? ? ? ? 2. ?Real a/c : Debit what comes on
? ? ? ? ? ? ? ? ? ? ? ? ? ? Credit what goes out.
? ? ? ??
? ? ? ? 3. ? Nominal a/c : Debit all Expenses & losses
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Credit all Incomes & Gain.

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Surender Sharma answered this

real account - dr what comes in and cr what goes out
personal account-dr the receiver and cr the giver
nominal account- dr all expenses and losses and cr all income and gain

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Jaivik Arora answered this

1 . Real account (things)
Debit what comes in , credit what goes out
2 . personal account (Name)
Debit the reciever , credit the giver
3 . Nominal account
Debit all expense and losses,
Credit all income and gains

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Fdiakfdjn answered this

nai aavadtu

Akash Tiwari answered this

Please find this answer

Imraan Khan answered this

Answer has given by many and all are correct but you are cute and if you have any more ques plz ask

-7

Aman answered this

Golden rules of Accounts are:

1 . PERSONAL A/C

? debit....the receiver

? credit..... the giver

2. REAL A/C

? debit.... what comes in

? credit..... what goes out

3. NOMINAL A/C

? debit ...all expenditure & losses

? credit.....all income & gains.

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Rraajjaatt Choudhary answered this

this the simplest rule to do journal entry if you have any query regarding this you can whats app me...

Vidushi Sahu answered this

for assets
debit all increase in assets
credit all decrease in assets
for liabilities and capital
debit all decrease in liabilities and capital
credit all increase in liabilities and capital
nominal account
debit all expenses and losses
credit all incomes and gains

Epsita Paul answered this

personal account
.debit is the receiver
.credit is the giver
real a/c
.debit what comes in.
.credit what goes out
nominal a/c
.all expenses and losses are to be debited.
.all incomes and gains are to be credited.

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Sumukhi answered this

debit the receiver credit the giver

debit all expenses and losses credit all income and gains

debit what comes in credit what goes out

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Sumukhi answered this

golden rules of accounting are debit the reciever and credit the giver in peraonal account, debit all expenses and losses and credit the income and gains in nominal account and lastly it is debit what comes in credit what goes out for real account

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Rahul Kumar answered this

There are 3 golden rule of accountancy .they are as follows: 1.Debit -receiver Credit:-receiver 2.Debit:-what comes in Credit:-what goes out 3.Debit:-all expenses and losses Credit :-all incomes and gains

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Charan Vijay😎🤓 1661 answered this

View this fr d answer

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Sitaram Gupta answered this

right answer

Amit Niranjan answered this

REAL A/c
Dr. What comes in
Cr.what goes out

PERSONAL A/c
Dr. The receiver
Cr. The giver

NOMINAL A/c
Dr. All expense
Cr. All incomes

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Ved Sharma answered this

1. personal a/c.

debit the reciver

credit the giver

2.real a/c.

debit what comes in the business

credit what goes out from the business

3.nominal a/c.

debit all expenses and loss

credit all gains and income

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Saurabh Kesarwani answered this

What is the journal entry of started business with cash and furniture

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Pallavisaini answered this

All asset and expense :when they are increase to Dr. and decrease to Cr.
All capital liabilities and revenu.:when they are increase to Cr. And decrease to Dr.

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Ramniwas answered this

Salary due to staff 25000. what is jounal entry

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Sonali Singh answered this

PERSONAL A/C - DEBIT THE RECIVER CREDIT THE GIVER
REAL A/C - DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT
NOMINAL A/C - DEBIT ALL EXPENSES AND LOSSES CREDIT ALL INCOMES AND GAINS

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George Shoney answered this

1. debit the receiver
credit the giver
2. debit what comes in
credit what goes out
3 debit all expenses
credit all incomes.

Sangeeth K answered this

for every debit entry there is a credit entry of same amount so that accounting equation is fulfilled

Shivam answered this

Debit is received credit is giver

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Piyush answered this

Okay, let's see why they are called the "Golden Rule" of Accountancy. There are always two transactions, debit and credit, affecting To and By side of Accounts. Analogically speaking, "humankind cannot gain anything without first giving something in return, to obtain something, something of equal value must be lost" -FMA

In short, the principle of accountancy is totally depended upon the relationship between what is given and what is received(debit and credit. Thus, GOLDEN FREAKING RULE!!

They are divided into three categories for the sake of convenience:
Real Accounting:
Dr - What comes in
Cr - What goes out
Examples of this kind of transaction include cash/bank and rent.
Personal Accounting:
Debit is the receiver.
Credit is the giver.
An example of this kind of transaction is Vendor/Customer relations.

Nominal Accounting:
All gains and income are credit.
All losses and expenses are debit.
An example of this kind of transaction is sales and/or purchases.

Source Of Golden Rule Types: Youth4work.com

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Bhavya Arora answered this

Golden rules of accounts are:
1.Personal account .debit-the receiver
credit-the giver..
2.Real account
Debit-what comes in
Credit-what goes out..
3.Nominal account
Debit-all expenses&losses
Credit-all income&gains

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Akki answered this

1 debit the receiver
credit the giver
2 debit what comes in
credit what goes out
3 debit all exp and losses
credit all income and gain

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Laukesh Kumar answered this

NOMINAL ACCOUNT:-1) ALL EXPENSES AND LOSSES......DEBIT(DR.) 2)ALL INCOME AND GAINS ....CREDIT(CR.)

Laukesh Kumar answered this

NOMINAL ACCOUNT:- 1)ALL EXPENSES AND LOSSES.....DEBIT(DR.) 2)ALL INCOME AND GAINS .....CREDIT(CR.)

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Pankaj Mishra answered this

You do not the golden rule

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Pankaj Mishra answered this

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Luci answered this

Three types of a/c. (1)personal account = rule:debit the receiver,credit the giver . (2)Real account= rule :debit what comes in and credit what goes out. (3)nominal account= rule:All gains and income are credit and all losses and expenses are debit.

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Eram answered this

Rules are

Sonu answered this

golden rules of acount are:

1.presonala/c

? debit....the receive

? credit..... the giver

2. reala/c

? debit.... what comes in

? credit..... what goes out

3. nominal a/c

? debit ...all expenditure & losses

? credit..... allthe income & gains

By.Sonu Garg

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Tejas Bhuravane answered this

There are three types of golden rules :
1. Personal Account
2. Real Account
3.Nominal Account

1. Personal Account :
"Debit the receiver, credit the giver."
Explaination : This account is usually for individuals. For Example : Ram Company, corporate body, instructions, statutory body, etc.

2.Real Account :
"Debit what comes in, Credit what goes out."
It includes all assets !! For example : Land, Building, Cash, Machinery, Copy rights, patents, Futniture, etc.

3.Nominal Account
"Debit all expense and losses, Credit all incomes and gains."
It includes all expenses and losses, it also includes incomes and gains.

Explaination given by Vijay Yadav.
Contact : 8108052827

3.

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Siddharth Pawalia answered this

the golden rules are debit the reciever. credit the giver. debit what comes in. credit what goes out. all profit are credit. all expenses and losses are debiy. thanks .

Shruti Agarwal answered this

For persinal a/c
Recevier always dr
Giver aleays cr
For real a/c
What comes in dr
What goes out cr
For nominal a/c
Expenses always dr
Income always cr

Neha Jain answered this

Personal acc-. Debit the reciever
Credit the giver

Real accounts - Dr what come in
Credit what goes out

Nominal account - Dr all expenses nd losses
Credit all incomes and gains

Kapil answered this

Please find this answer

Adarsh Kumar answered this

What is a journal intery

Mohd.shaheer Chishti answered this

1-Debit the receiver credit the giver , 2- Debit what comes in and credit what goes out,3- Debit all the expenses and losses or credit all the gain and profit ok.

Sameerkumar Singh answered this

Personal A/C = Dr.=the receiver and Cr.=the giver, it means what we recive such as goods , cash etc. Real A/C= Dr.=what we recive and Cr.= what goes out . Nominal A/C=Dr.=all expenses and losses and Cr.= all incomes and gains.

Chandra answered this

GOLDEN RULES

Debit what comes in;
Credit what goes out.

Debit the receiver;
Credit the giver.

Debit all expenses and losses;
Credit all incomes and gains.

Nikita answered this

Personal a/c - Debit the receiver & credit the giver . For real a/c _ Debit what comes in & credit what goes out .Nd for Nominal a/c _ Debit All the expenses And losses & Credit all the Incomes And profits.

Aman Kukreja answered this

golden rules of acount are:
1.presonala/c
? debit....the receive
? credit..... the giver
2. reala/c
? debit.... what comes in
? credit..... what goes out
3. nominal a/c
? debit ...all expenditure & losses
? credit..... allthe income & gains

ambujganguly30 answered this

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Shaena Raees answered this

Golden rules for accounting are:

1.personal A/c
.....debit the receiver nd credit tje giver
2.Real A/C
.....debit what comes in nd credit what goes out
3.Nominal A/C
......debit all expences nd losses ..nd credit all incomes nd gains

Shah Faisal answered this

before to know the accounting rule all ...u have to clear what is assets and liab and income, gains, expenses and losses .......my golden rules of debit and credit are as follows....1) all assets/expenses/losses ....increse hongi toh debit decrease hongi toh credit....... 2) all liability/income/gains increse hogi toh credit decrese hogi toh debit

Fayzan Ansari answered this

Aab thik h lo answer

Saud Khan answered this

Please find this answer

Vimal Kushwah answered this

Chart shows the rules of debit and credit

Ayush Maheshwari answered this

Comes in debit goes out credit

Shivam Khetan answered this

GolDen rules

Rahul Roy answered this

Golden rule of accounting debit(Dr.) And credit(Cr.)

Rahul Roy answered this

Please see answer below

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Divyansh Sunny answered this

Please find this answer

Aryan Ravichandran answered this

Debit is what comes in (Dr.)
And Credit is what goes out(cr.)

Mansha Jaiswal answered this

Please find this answer

Rashi answered this

1-All assets Dr .
2-All liabilities Cr.
3- All expenses Dr
4-All income Cr

Zeeshan answered this

Journal is art of recording the transactions in the business. It's very difficult for business man to record the all the transactions that takes place in one year. So journal is very important after journal there is summarising, classifying interpreting the result.

Zeeshan answered this

Golden rule no. 1 personal account (debit the reciver credit the giver) Golden rule no. 2 Real account (Debit what comes in credit what goes out) Golden rule no. 3 Nominal account (Debit all expenses and loses credit all incomes and gains)

Aakash Singh answered this

3 GOLDEN RULES

PERSONAL - DEBIT THE RECEIVER CREDIT THE GIVER
eg - When business receives any sum it is debited and vice versa

REAL - DEBIT WHAT COMES IN CREDIT WHAT GOES OUT
eg - When you buy a table - table comes in to business and cash goes out from your business

NOMINAL - DEBIT ALL EXPENSES AND LOSSES AND CREDIT ALL INCOMES AND GAINS
eg - When you pay Conveyance fee it is debited or when you receive any fee it is credited

Yugal Kannaujiya answered this

Elimation method

Lakshay Goyal answered this

Hope you will understand!!

Regards
Lakshay Goyal

Pavan Garg answered this

Real(assets except debtor,bank) ,
personal(people),
representative(group of people)

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Gorav Choudhary answered this

Please find this answer

Aayush Raj answered this

Please find this answer

Bhumika Shrivastava answered this

Debit the receiver, credit the giver.
Debit what comes in, credit what goes out.
Debit all expenses & losses, credit all profit & gain.
These are the golden rules dear.. And yes these are applied for the situation that depicts them.

Aryan answered this

Debit:
1. The receiver
2. What comes in
3. Expenses
Credit:
1. The giver
2. What goes out
3. Incomes

Ayush Kumar Gupta answered this

? Rule of debit and credit -
Debit the receiver , credit the giver .

? Rule of debit and credit -
debit what comes in, Credit
what goes out.

? Rule of debit and credit -
Debit all expenses and losses , Credit
all incomes and gains .

Dhananjay Rothe answered this

Please find this answer

Kumkum answered this

Please find this answer

Karan Sharma answered this

Bakvas

Dishu answered this

Plz tell me what exactly u want.....so that I can help u

Abhishek Kumar answered this

Please find this answer

Babai Chatterjee answered this

Plzz help forbl bill of exchange answer

Himanshi answered this

Please find this answer

Abhay answered this

Be do sankhya gyat Kijiye Jinka Yog 34 ka Antar 16 ho

Kopal answered this

Real A/c
Debit what comes in
Credit what goes out

Personal A/c
Debit the receiver
Credit the giver

Nominal A/c
Debit all expenses & losses
Credit all income and profit

Kajal Arora answered this

Personal account
(Debit the reciever and credit the giver)
P. acc. - will include name of a person or the name of institution

Real account
(Debit what comes in and credit what goes out )
R.acc. - will include all your assets (property) , cash , stock, machinary, furniture etc

Nominal account
(Debit all expenses and loses and credit all income , gains and profits )
N.acc - will include the profits , loses, gains , income, expenses of properitor

P.acc - eg:
Salary paid to shyam .
(Salary) N.acc(expenses) (shyam) P.acc.
Entry salary acc. .......Dr
To shyam general acc.
Ram started business with cash rupees 100000.
Ram - P.acc cash - R.acc
Entry cash acc. .........Dr
To capital acc.

R.acc
Purchase Machinery for cash rupees 4000
Machinary(asset) - R. acc
Cash(asset) - R. acc
Entry Machinary acc. ........Dr
TO cash acc.

N. acc
Income tax paid .
Income tax - N.acc
Paid - to cash
Entry tax acc. .........Dr
To cash acc.

Ashutosh answered this

Golden rule
1. Debit what comes in, credit what goes out
2.Debit the expense, credit the income
3. Debit the receiver, credit the giver

Ashutosh answered this

1. Debit what comes in, credit what goes out
2. Debit expense, credit income
3. Debit receiver, credit giver

Sudhir Kumar answered this

Mr Sudhir Kumar

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Ganesh answered this

What will be the effect of instaing love?

Jiya Sharma answered this

Debit,the receiver
Credit, the giver.

Debit,what comes in
Credit,what goes out.

Debit,all expenses and losses
Credit, all income and gain.

Vyshnavi answered this

There are two types of accounts
1.Personal account
2.Impersonal account
In impersonal account there are two sub accounts namely real and nominal account

Personal account
Personal account is related to person or people or entity that is involved in business.Eg.Shyam account,Raj account
For personal account the golden rule is

Debit the reciever
Credit the giver

In impersonal there are two accounts
Real and nominal

Real account
It is the account that is related to assets of the business.Eg. machinery account, building account. The golden rule is

Debit what comes in
Credit what goes out

Nominal account
It is the accounts that appear in the course of business. Eg. Bills payable account, rent account

The golden rule for this is

Debit all expenses and losses
Credit all incomes and gains

Hope my answer helps you

Nandni Rehakwar answered this

Debit side all expenses
Credit side all income and gains..
(debit the receiver ) (credit the giver)

Saksham Yadav answered this

Please find this answer

Vikash Yadav answered this

Please find this answer

Saqib answered this

Please find this answer

Saqib answered this

This aanswer

Devansh Gupta answered this

In Personal a/c
Debit =receiver
Credit=giver

In real account
Debit=comes
Credit =goes

In nominal account
Expenses = Debit
Income = credit

Rose Metal answered this

oh my gosh I didn't thought that these many answers could be written off in one question

Smruti Ranjan Malik answered this

1.devit the receiver and credit the giver
2.devit what comes in credit what gives in
3.

Shivam Chaudhary answered this

Please find this answer

Nitika answered this

Nominal: Dr. All expenses and loses Cr.all income and gain
Real:Dr. What comes in Cr. What goes out
Personal:Dr. the reciever Cr. the giver

Nitin answered this

Jo credit or debit autoscan kya Bata jata hun ko credit matlab hota hai aur jo Pata Chalta Hai

Divya Yadav answered this

Real Account -what comes in business is Dr
What goes out in business is Cr
Personal Account -Receiver is Dr
Giver is Cr
Nominal Account -Expense and loss always Dr
Income and gain always Cr

Antima Maurya answered this

The three golden rules of accountancy are:-
DEBIT:-
(1)Receiver
(2)what comes in
(3) losses/expenses
CREDIT:-
(1)Giver
(2)what goes out
(3) profit/income

Antima Maurya answered this

The three golden rules of accountancy are:-
DEBIT:-
(1)Receiver
(2)what comes in
(3)losses/expenses
CREDIT:-
(1)Giver
(2)what goes out
(3)profit/income

Neelam Rathore answered this

for personal account : Dr the reciever
Cr the giver
For real account. : Dr what comes in
Cr what goes out
For nominal account :Dr all the exp and losses
Cr all the income and gains

Aryan Agarwal answered this

Debit what's comes in
Credit what goes out

Debit the receiver
Credit the giver

Debit all expenses and loses
Credit all incomes and gains

Raushan Tiwary answered this

Please find this answer

Raushan Tiwary answered this

I am giving you advice to go through for new rules of debit and credit . Trust me it is better than golden rule and very simple also

Raushan Tiwary answered this

Please find this answer

Raushan Tiwary answered this

In this table only increase and decrease of debit and credit help you in your journal iam also Student of commerce class 11th current .

Raushan Tiwary answered this

If you unable to understand in table then this is totally fine for you . Ok thanks

Abhishek Kumar answered this

Please find this answer

Pooja Patil answered this

Please find this answer

Sanowar Hussain answered this

Received commotion journal entries

Nikhil Gupta answered this

Debit what comes in
Credit what goes out

Debit the receiver
Credit the giver

Debit all expenses and losses
Credit all gains and profit

M M answered this

Debit what comes in , credit what goes out

Shreya Khajuria answered this

1. Personal Account
Debit - The Receiver
?Credit - The Giver

2. Real Account
Debit - What Comes In
Credit - What Goes Out

3. Nominal Account
Debit - All Expenses And Losses
Credit - All Income And Gains

Manoj Kumawat answered this

लेखांकन को परिभाषित कीजिए ।

Anushka answered this

Take a look at the three main rules of accounting:

Debit the receiver and credit the giver.
Debit what comes in and credit what goes out.
Debit expenses and losses, credit income and gains.

Jagmohan Marndi answered this

Please find this answer

Hiteshi Bansal answered this

On Traditional Approach

?Natural Account(capital, drawings, names, outstanding, etc.)
Credit-the giver
Debit-the reciver

?Real account (assets-land, building, investment, etc.)
Credit-what goes out
Debit-what comes in

?Nominal account( expenses, losses, gains, revenue, etc.)
Credit-income and gain
Debit- expenses losses

On Modern Approach

?Assets(debit) -changes to credit when decreases

?Liability(credit) -changes to debit when decreases

?Capital(credit) -changes to debit when decreases

?Revenue(credit) -changes to debit when decreases

?Expenses(debit) -changes to credit when decreases

Sakthi G answered this

What ??

Sakthi G answered this

What

Blessing answered this

The Golden rule states that for every debit entry they must be a corresponding credit entry and vice versa

Blessing answered this

The Golden role states that for every debit entry they must be a corresponding credit entry and vice versa

Nisha Anjum answered this

Golden rules
1. Personal ac - Debit the reciever credit the giver
2. Real ac - Debit what comes in credit what goes out
3. Nominal ac - Debit all expenses and losses Credit all incomes and gains.

Sparsh Thapa answered this

Dr on left side cr on right side

Nagen Kisku answered this

Paid carriage by cheque

Divyansh Sharma answered this

Dual aspect principles

Archita Dhumal answered this

Please find this answer

Shubham answered this

Golden rules of accountancy

Subhankar Dey answered this

From the following invoice received from a
supplier, calculate the material cost per unit :
Quantity Particulars Rate (300 kg Material X 10?00 per kg 3,000
200 kg Material Y 12?00 per kg 2,400
5,400
Less : trade discount 270
5,130
Add :
Cost of containers (capacity of each
100 kg) 60
Cartage and Carriage 75
Octroi duty @ 0?5% 27
5,292
Terms :
(a) 5% cash discount within a week
(b) Return value of containers