account basic

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Rajeev Kumar

Rajeev Kumar (Querist)
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28 December 2009 account rules

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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28 December 2009 Please go through 10+1 accounts book for basic of accounts.

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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28 December 2009 1. Dr what comes in and Cr what goes out.
(For Real Accounts like Sale, Purchase, Cash, Bank etc.)

2. DR. the Receiver and CR.the Giver
(For Personal A/c)

(Note : Here D represents Debit and R represents Receiver).

3. Dr the expenses or losses and Cr the income and gains.

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For easy understanding :

4. Debit all assets and Credit all liabilities.

5. Follow the suggestion of CA Tilak Raj.

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