Finance

Finance --------- Dr what comes in Cr what goes out Real ac, nominal ac :(Expenses) ex: Rent it would be in Dr Any Asset is a Dr Balance golden rule -------- what is the rule for nominal a/c 1. dr all expenses and losses 2. cr all gains, revenew Purchase             Debit --------------------------------- hdr -- Cr             Dr Dtl -- Dr             Cr Sale                 Credit ---------------------------------- Hdr -- Dr              Cr Dtl -- Cr              Dr Ageing popup ----------------- -- AP/AR type --> P/R   and Bill wise adjustment -- >Y Payable --> dr -->AV               Cr --> BR  Receivable --> Cr --> AV           ...