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Categories  >>  Accounting  >>  Accounting AllOther
 
 


  

 
 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
GOLDEN RULES OF ACCOUNTING
 Question Submitted By :: Dr. R.srinivasan
I also faced this Question!!     Rank Answer Posted By  
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 11		 Real Account : Debit what comes in
Credit What goes out

Personal Account: Debit the Receiver
Credit the Giver

Nominal Account: Debit all Expenses & Losses
Credit all Income & Gains 
Is This Answer Correct ?    326 Yes 52 No
Ganesan Jayaraman
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 12		 Real account :Debit what comes in
Credit what goes out


Personal Account :Debit the receiver
Credit the giver

Nominal Account :Debit all expenses & Losses
Credit all Income & gains 
Is This Answer Correct ?    262 Yes 52 No
Sankar
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 13		 Personal Account : Debit the receiver
Credit the giver

Nominal Account : Debit all expenses and losses
credit all incomes and gains

Real Account : Debit what comes in
Credit what goes out 
Is This Answer Correct ?    241 Yes 52 No
B.s.prakash
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 14		 PERSONAL ACCOUNT : Debit the receiver
Credit the giver
(Its is related to peson, firm etc....................)

REAL ACCOUNT : Debit what comes in
Credit what goes out
(Its related to goods, cash etc.......................)

NOMINAL ACCOUNT : Debit all expenses and losses
Credit all incomes and gains
(Its related to incomes and expenditure (both Direct &
Indirect)) 
Is This Answer Correct ?    320 Yes 49 No
Raju Malode
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 15		 there are 4 Golden Rules of accounting

1 personel * debit the receiver
* credit the giver

2 real * debit what comes in
* credit what goes out

3 nominal * debit all expences and losses ex discount
recieved,commission received
* credit all incomes and gains ex salary,
rent,advertisment,

4 personel representive a/c 
Is This Answer Correct ?    192 Yes 101 No
K Kiran Kumar
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 16		 As the above answers gives us idea about the A/c 'ing rules.
but in simple word

debit what comes in
credit whats goes out

in that you always get one thing .means something is coming
or going you can take any transaction you get one of it .
and automatically ones you get any one answer you get second
answer also. its very easy to use to update the journals
entry's in tally or in your exams. try it 
Is This Answer Correct ?    178 Yes 60 No
Santosh Rane
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 17		 Personal account: Debit the receiver & Credit the giver.

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

Nominal account : Debit all expenses & Credit all incomes
& Gains. 
Is This Answer Correct ?    189 Yes 42 No
Vinay G.r
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 18		 real account:debit what comes in
credit what goes out

nominal account:debit all expenses and losses
credit all gains and incomes

personal account:debit the receiver
credit the giver 
Is This Answer Correct ?    176 Yes 39 No
B.swapna Kothagudem
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 19		 Personal Account: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 incomes and gains

SANDEEP GUPTA
MOB NO 9910396673
GHAZIABAD.UP 
Is This Answer Correct ?    195 Yes 33 No
Sa
 
  Re: GOLDEN RULES OF ACCOUNTING
Answer
# 20		 Golden Rules of Accounting

Personal Account 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 Incomes and Gains 
Is This Answer Correct ?    195 Yes 36 No
Rajesh
 

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Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
What is mean by Dis-investment Capital-IQ4
Fill in the blank Losses Capital  1
Bank reconcliation statement. Franklin-Templeton10
how to prepare Profit and los accounts ? Study-Overseas8
what about the company background? Capital-IQ5
what you mean by landed cost?  2
Expand A V  3
general rule for personal account hp1
How to prepare a final account? Cap-Gemini3
types of the capital market? Mellon2
what is the distinction between Bill of Exchange and a Cheque  5
EXPAND___________MHRD  1
 
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