Interested to Buy Any Domain ? << Click Here >> for more details...
What are the 3 Basic Rules in Accounting.
- 167 Answers
- 599088 Views
- AAA, ABC, Accenture, Amba Research, Birla Sun Life, CTS, CWDF, DELL, Franklin Templeton, iGate, IHP, JPMorgan Chase, Lexi Pens, Mastek, Trinity Technologies, VC Engineering, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mohammed herber
3 basic rules are
Dr. the receiver personal a/c
Cr the giver personal a/c
Dr whats come's in real a/c
Cr whats goes out real a/c
Dr all expences & losses nominal a/c
Cr all income and gain nominal a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mahesh
There are three basic rules in accounting
Real Account: what comes in--Dr
what goes out-----Cr
Personal Account:the receiver--Dr
the giver--------Cr
Nominal Account: All expenses and losses--Dr
All income and gains-------Cr
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / anu
Personal account
Debit the receiver
credit the giver
Real account
Debit what comes in
Credit what goes our
Nominal account
Debit all expenses and losses
Credit all incomes and gains.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / deepak
personal a/c
debit what comes in
credit what gose out
Real a/c
debit the reciver
credot the gover
nominal a/c
debit all exp/losses
credit all gain/profit
| Is This Answer Correct ? | 2 Yes | 4 No |
How will draw inferences about the financial health and performance using ratio ?
whats is depreciation? formula for calculating deprecation ?
Hi frnds, can any one tell me how much funds has to be there to convince financially sound during the visa interview and what supporting documents has to be produced. What is backlogs means.....hope the best known will answer.
What is Accrual (Mercantile Vs Cash System of Accounting)
Expand---------MDOT
What is the trade balance ,what is the Trailbalance,
Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry
Define The word LOSS in terms of business
Expand---------DBCE
what is credit note and debit note?
what is the point of sale
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
Audit 
