Interested to Buy Any Domain ? << Click Here >> for more details...
what is accounting rules
- 2 Answers
- 6595 Views
- Construction, Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ayisha
real Nominal & Personal
1.Personal Account:Debit the receiver n credit is the giver.
2.Real Account:Debit what comes in n credit what goes out.
3.Nominal Account:Debit all expenses n losses n credit all incomes n gains.
| Is This Answer Correct ? | 19 Yes | 0 No |
Answer / saumen datta
There are two types of accounts i.e. personal and impersonal accounts. Impersonal accounts is sub-devided by real accounts and nominal accounts.
As per three golden rules :
a) Personal Accounts : Debit the receiver and Credit the giver
b) Real Accounts : Debit what comes in and credit what goes out
d) Nominal Accounts : Debit all the expenses and Credit all the incomes.
| Is This Answer Correct ? | 0 Yes | 1 No |
What is diffrence between direct & Indirect Exp.
what is cash on account?
Where do generally accruals appear on the balance sheet?
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
hi all I am new here, I would like to ask one question. when a company (MNC) is following more than one accounting principle then what are the areas we need to change in sap.
What is fractional code and how can i get a fractional code for a particular account?
Do you know partitioning in accounting?
When we received payment from creditors
What is fair value accounting?
what is receipt and payment ?
what do you mean by margin of safety
what is the meaning of prepaid&accruals in accounting?
Audit 
