fundamental rules of accounting ?



fundamental rules of accounting ?..

Answer / praveen shettigar

personal a\c: debit the receiver of the benefit,credit the
giver of the benefit.
real a\c: debit what comes in ,credit what goes out.
nominal a\c: debit all expenses &losses,credit all income
&gains.

Is This Answer Correct ?    18 Yes 1 No

Post New Answer

More Banking Finance Interview Questions

What is the main difference between cash-based and accrual accounting?

0 Answers  


What do you know about Bank assurance?

0 Answers   IBPS,


What is debt?

16 Answers   Idbi Bank, Nagarjuna Fertilizers,


Where Does Revenue Received In Advance Go On A Balance Sheet?

0 Answers  


Why bond prices are inversely related to interest rates?

0 Answers  






what is the need of BRS?

2 Answers   Hindustan Unilever Limited,


Which bank comes under the category of apex banks.

0 Answers  


What are the Intangible assets?

19 Answers  


What Is Money Laundering?

0 Answers   SEBI, Syndicate Bank,


What are various government schemes started by the government for youth employment?

0 Answers   State Bank Of India SBI,


What do you mean by money laundering?

0 Answers  


We are receiving inflation in a numeric value. Can you explain how the number is arrived?? And CRR is the ratio of the money the Bank/institution has to keep the money with the RBI. Is there any interest being paid by RBI to the Bank for the cash reserve fund with the RBI?

1 Answers  


Categories
  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (745)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (113)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (16)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)