What are the 3 Basic Rules in Accounting.

Answers were Sorted based on User's Feedback



What are the 3 Basic Rules in Accounting...

Answer / jai ganesh

For Personal Account :
1:Debit the receiver ,
credit the giver,

For Real Account :
2:Debit was comes in
credit what goes out

nominal account:

debit all expenses and loses
credit all incomes and gains

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / rasheed

There 3 basic rule in accounting..
1)Real account Dr what come in and Cr wat goes out
2)personal account Dr the receiver and cr the giver
3)Nominal account Dr all expenses and loss, Cr all incomes and
gains

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / dinesh

yes

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / vinayak naik

for personal account
debit to receiver
credit the giver


for real account
debit what comes in
credit what goes out

for nominal account
debit all exp/losses
credit income/gain

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / sheetal

Personal Rule
1) Debit The Receiver
Credit the Giveer
Real Rule
2) Debit the Receiver
Credit The Giver
NominalRule
3) Debit All Exp. & Losses
Credit All Gains & Inocmes

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / geet

Personal Account:
Debit the Receiver
Credit the Giver

Real Account:
Debit what comes in
Credit What goes out

Nominal Account:
Debit All Expenses and loses
Credit All Incomes and Gains.

Is This Answer Correct ?    1 Yes 1 No

What are the 3 Basic Rules in Accounting...

Answer / pravin sakpal

PERSONAL ACCOUNT
DEBIT THE RECEIVER
CREDIT THE GIVER

REAL ACCOUNT
DEBIT WAS COMES IN
CREDIT WAS GO OUT

NOMINAL ACCOUNT
DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOME AND GAIN

Is This Answer Correct ?    1 Yes 1 No

What are the 3 Basic Rules in Accounting...

Answer / kesava

real account
debit what comes in
credit what goes out

personal account
debit the reviver
credit the giver

nominal account
debit all exp/losses
credit all income/gain

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / khan mohsin

personal A/C
debit the reciver
credit the giver
Nominal A/C
debit was comes in
credit was goas out
Real A/C
debit all expenses & loses
credit all income & gains

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / prabhat

Debit; increase in net profit ,
Credit; increase in net loss ,

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

expand D I N

2 Answers  


Difference between Wages and Expense?

6 Answers  


What steps to be taken at the time of implementation of Oracle ERP and please give the chart of accounts and links to be given

2 Answers   Aster Teleservices,


Bank Charges (FIRC CHARGES) what the meaning of FIRC Charges?

6 Answers   ING,


What is the Voucher entry (In Tally) if the Office Expenses of Company A is being made by Company B on behalf of Company A?

6 Answers  






is there any difference in contribution and net profit? if yes what is that?

2 Answers   KPIT,


What is Home Loan Modification?

0 Answers  


How can i download International accounting Standards (IAS ) (41) from the internet in PDF format .Please can u tell me site name.

2 Answers  


What is the trade balance ,what is the Trailbalance,

1 Answers   ITW Signode,


a) what are the rate of employees & company's contribution for PF & ESIC? b) what is the ceiling in case of ESI deductions? c) what are the due dates for paying ESI/PF

6 Answers   Ess Dee,


what is difference between public sector and nationalised bank?

7 Answers   College School Exams Tests, Magnum,


Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.

0 Answers  


Categories