"What is the golden rules of accounting"
- 4 Answers
- 6300 Views
- Genpact, Rose Valley, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Accounting Rules are Classified in to two
Personal Account and Impersonal Account and again Impersonal
account classified in to two Real Account and Nominal Account
Personal A/c :- Debit the Receiver
Credit The Giver
Real Account :- Debit What Comes in
Credit What Goes out
Nominal Account :- Debit All Expenses and Losses
Credit All Income and Revenues
| Is This Answer Correct ? | 38 Yes | 2 No |
Answer / md asif ali
"GOLDEN RULES(PRINCIPLES) OF ACCOUNTING THEY ARE THREE:
1)PERSONAL A/C:DEBIT THE RECIVER AND CREDIT THE GIVER
2)REAL A/C:DEBIT WHAT COMES IN AND CREDIT THE WHAT GOES OUT
3)NOMINAL A/C:DEBIT THE ALL EXPENSES AND LOSSES AND CREDIT
THE ALL INCOME AND GAINS"
| Is This Answer Correct ? | 30 Yes | 1 No |
Answer / shiva shankar
3 rules
1.personal ,debit the receiver and credit the giver
2.real , debit what comes in and credit what goes out
3.nominal,debit all expences and losses , credit all
incomes and gains.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sukanya
personal a/c
debit the receiver
credit the giver
real a/c
debit what comes in
credit what goes out
nominal a/c
debit all exp and losses
credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
NPA is either person or account
expand I R
what is duties and responsibilities for clark working in sbi
0 Answers State Bank Of India SBI,
What do u mean by Derivatives and its types?
What balance will be entered in the cash book?
Expand BEMS
who is the pramotar?
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
What will be entry if company purchase a dog for ware house?
types of mutual funds?
what is the meaning of hedging?
what is the difference between direct income and indirect income?
13 Answers College School Exams Tests, IPO, Wipro,
Audit 
