Answer / pavani priyanka

persaonnel account: debit the receiver and the credit the
giver.
real income: debit what comes in and credit what goes out.
nominal income: debit all expenses and losess and credit
all gains and incomes.

Answer / arjunanag@rocketmail.com

Accounting Principles are 2 types. There are
1. concepts (10)
2. conventions (4)

concepts gives assumptions to the comapny.
1. business entity concept
2. money measurement concept etc.

conventions gives guidance to the company

1. materiality
2. conservatism etc

Answer / mayur

Principals of Accounts
Personel A/c
Debit- The Receiver
Credit- The Giver
Real A/c
Debit- What Comes in
Credit - What goes out
Nominal A/c
Debit- All expences & losses
Credit- All income & gains

Answer / anubhav beniwal

Accounting Principles are:

Personal Account: Debit the Receiver and
Credit the Giver.
eg. Bank a/c, Capital a/c, Outstanding Expenses/ Incomes.
Property /Real Account: Debit what Comes In and
Credit what Goes Out.
eg. Purchase a/c, B/R a/c, Patent a/c, Cash a/c.
Nominal Account: Debit all Expenses and Losses and
Credit all Gains and Incomes
Salary a/c, Stationery a/c, Depreciation a/c,Interest a/c.

Answer / s.ramya

Personal account:
Debit the receiver & Credit the giver

Real account:
Debit what comes in & Credit what goes out

Nominal account:
Debit all the expenses & losses
Credit all the incomes & gains

Accounting principle what says means to maintain all the
accountance in a proper way and proper dealings.

Answer / sanjay

PERSONAL ACCOUNT- DEBIT THE RECIVER
CRADIT THE GIVER

REAL ACCOUNT- DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NONIMAL ACCOUNT- DEBIT ALL EXPENSE & LOSSES
CREDIT ALL GAIN & INCOME & PROFIT.

Answer / bhavesh singh

1. personnel Accounting:- Debit the receiver & credit the giver.

2. Real Accounting:- Debit what comes in & Credit what goes out.

3. Nominal Accounting:- Debit all expenses & losses & credit
all gains & income.

Answer / veeresh mulagund

PERSONAL ACCOUNT- DEBIT THE RECIVER
CRADIT THE GIVER

REAL ACCOUNT- DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NONIMAL ACCOUNT- DEBIT ALL EXPENSE & LOSSES
CREDIT ALL GAIN & INCOME & PROFIT.

Answer / aakash

accounting is one kind of set of rules which gives idea to any one about finding situation of organisation. you can say it is a chain of moving transections from one account to another account.finally final accounting statement is prepared on which all this account balances are moved and profit or loss is found. this statement is prepared at the end of the year.
i hope you liked it.......

Answer / sumanta kumar biswal

Accounting principles means when the accountant prepare journal and accounting that time follow some rule-regulation that is accounting principles :
Principals divide into two parts.
1- Accounting Concept
2-acounting convension

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