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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1915)
 Accounting General interview questions  Accounting General Interview Questions (2842)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
Examples each for golden rules of accounting
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
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 ?    881 Yes 39 No
Venodyadav
 
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( Cash Withdrawn from Bank )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 ?    482 Yes 49 No
Sridhar K
 
 
 
Answer
# 3
Salary of the employeeis not real a/c nor personal a/c it
is nominal a/c.
 
Is This Answer Correct ?    445 Yes 37 No
Sunil Jadhav
 
Answer
# 4
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 ?    332 Yes 21 No
Venkatesan
 
Answer
# 5
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 ?    272 Yes 18 No
Megharaaj
 
Answer
# 6
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 ?    194 Yes 19 No
Peyus
 
Answer
# 7
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 ?    137 Yes 14 No
Jayashree Durga Prasad
 
Answer
# 8
all my answer is right 
Is This Answer Correct ?    137 Yes 25 No
Hitesh
 
Answer
# 9
yes 
Is This Answer Correct ?    95 Yes 18 No
Ravi Ranjan Vishwakarma
 
Answer
# 10
Dear All,
Anyone can tell Salary what type of account? Real or
Personal a/c?
 
Is This Answer Correct ?    263 Yes 190 No
Sangeetha G
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
what is the process of correcting the balance sheet of the company?if the balance of balance sheet are not equal. HDFC 1
what is the debtor & creditor, i am purchasing a good then," who is the creditor"   3
what is the difference between a company balance sheet and that of a bank?   2
I have 3 units, can i vat returns all the three units only one vat form   2
what is different between accouts receivable and billing?   1
WHAT IS SERVICE TAX Genpact 2
Can we transfer balance on gl a/c to another Gl a/c if what is the process steps and tr code? TCS 1
What are all the MIS reports you prepare in your company for the management   2
I would like to know about work in progress, when we will debit WIP under Asset a/c head in balance sheet, the credit will be allocated under in which accounting head? whether its under purchase a/c or income a/c ? expecting detail explanation?   2
what is the meaning of networking capital   2
what is the difference between accounts and finance ? CA 4
wat is ledger posting   2
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
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