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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2782)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
Examples each for golden rules of accounting
 Question Submitted By :: Vijay
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Examples each for golden rules of accounting
Answer
# 1
PERSONAL ACCOUNT
DEBIT : THE RECEVIER
CEDIT : THE GIVER

REAL ACCOUNT

DEBIT : WHAT COMES IN
CREDIT : WHAT GOES OUT

NOMINAL ACCOUNT

DEBIT : EXPENES OR LOSS
CREDIT : INCOME OR GAINS
 
Is This Answer Correct ?    759 Yes 32 No
Venodyadav
 
  Re: Examples each for golden rules of accounting
Answer
# 2
1. Personal Account

Sundry Creditors A/c Dr.
To Cash/Bank A/c
( Payment for Purchase of Goods )

2. Real Account

Cash A/c Dr
To Bank A/c
( Cash Withdrawn from Bank )

3. Nominal Account
Printing & Stationery A/c Dr.
To Cash/ Bank A/c
( Purchase of Stationery Items )
 
Is This Answer Correct ?    427 Yes 43 No
Sridhar K
 
 
 
  Re: Examples each for golden rules of accounting
Answer
# 3
Personal Account:- It is individual account
Real Account:- It is business using for asset purchase
Nominal Account: It is Rent, salary paid of exp. and
advance received
 
Is This Answer Correct ?    297 Yes 19 No
Venkatesan
 
  Re: Examples each for golden rules of accounting
Answer
# 4
1) PERSONAL ACCOUNT
DEBIT THE RECEIVER (S.Creditor, Party)
CREDIT THE GIVER (Cash or Bank)

2) REAL ACCOUNT
DEBIT WHAT COMES IN - (Cash/Cheque, Purchases, Receipts)
CREDIT WHAT GOES OUT - (Payments, Cash/Cheque, Sales)

3) NOMINAL ACCOUNT
DEBIT ALL EXPENSE AND LOSS -(Salary,commission,rent,etc)
CREDIT ALL INCOME AND GAINS - (Interest recieved,
commission received, royalty received, etc)
 
Is This Answer Correct ?    234 Yes 18 No
Megharaaj
[KH PVT LTD, MYSORE]
 
  Re: Examples each for golden rules of accounting
Answer
# 5
Dear All,
Anyone can tell Salary what type of account? Real or
Personal a/c?
 
Is This Answer Correct ?    234 Yes 172 No
Sangeetha G
 
  Re: Examples each for golden rules of accounting
Answer
# 6
Salary of the employeeis not real a/c nor personal a/c it
is nominal a/c.
 
Is This Answer Correct ?    380 Yes 31 No
Sunil Jadhav
 
  Re: Examples each for golden rules of accounting
Answer
# 7
1) PERSONAL ACCOUNT
DEBIT THE RECEIVER (S.Creditor, Party)
CREDIT THE GIVER (Cash or Bank)

2) REAL ACCOUNT
DEBIT WHAT COMES IN - (Cash/Cheque, Purchases, Receipts)
CREDIT WHAT GOES OUT - (Payments, Cash/Cheque, Sales)

3) NOMINAL ACCOUNT
DEBIT ALL EXPENSE AND LOSS -(Salary,commission,rent,etc)
CREDIT ALL INCOME AND GAINS - (Interest recieved,
commission received, royalty received, etc)
 
Is This Answer Correct ?    172 Yes 18 No
Peyus
 
  Re: Examples each for golden rules of accounting
Answer
# 8
all my answer is right 
Is This Answer Correct ?    112 Yes 24 No
Hitesh
 
  Re: Examples each for golden rules of accounting
Answer
# 9
yes 
Is This Answer Correct ?    79 Yes 15 No
Ravi Ranjan Vishwakarma
 
  Re: Examples each for golden rules of accounting
Answer
# 10
PERSONAL ACCOUNT:

Debit the recevier
Credit the giver.

EXAMPLE:

Sundry Creditors A/C DR
To Cash/Bank A/C

REAL ACCOUNT:

Debit what comes in
Credit what goes out

EXAMPLE:
Cash A/C DR
To Bank A/C

NOMINAL ACCOUNT:

Debit all expenses or losses
Credit all incomes or gains

EXAMPLE:

printing & Stationery A/C DR
To Cash / Bank A/C
 
Is This Answer Correct ?    116 Yes 11 No
Jayashree Durga Prasad
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
I purchased a Car & paid 10,000/- Rs. Cash & 50000/- Rs. By Loan. What will be the Entry ?? Focus 7
p i r round ?   5
stock split FactSet 2
how many types of errors are there   3
If we give a discount to any customer on our invoice & issue a credit note of discount than what will be the group of discount in tally. please suggest me.   2
IN PROCESS ACCOUNTING, HOW ABNORMAL LOSS & ABNORMAL LOSS IS TREATED? FCI 2
what is ratio analysis Capital-IQ 2
Sales A/C belongs to which account type? OPI-Global 9
What is Amortisation? What is the difference between depreciation and amortisation? Wipro 2
How is going concern assumption and accounting period convention related?   2
what is the difference between trial balance and ledger account   4
what is the meaning of receivables and payable?   3
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
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