Answer / raja

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

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"

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.

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

What is the difference between Depreciation charged in P&L a/c and the Depreciation deducted from Assets' value in Balance Sheet, in an accounting period?

2 Answers   ABC, Thomson Reuters,

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8 Answers   Capital IQ,

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How to calculate turnover of a company?

2 Answers   Sharekhan,

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1 Answers   MNC,

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hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...

0 Answers   Capital IQ,

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What is cost accounting?

3 Answers  

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1 Answers   Bosch,

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5 Answers   Capital IQ, HP,

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What is the Difference between Real Accont and Nominal Account?

16 Answers   GE, KPMG,

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i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..

1 Answers  

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Discount or expenses on issue of shares or debentures is an example of..

1 Answers  

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How do u prepare Cost sheet? on what basis it is prepared how it is useful to the management?

3 Answers   OPS,

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