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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
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 Accounting General interview questions  Accounting General Interview Questions (2809)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
what is basic accounts rule?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Firstly Acconts have two types ;-

1. Personal Acconts

2. Impersonal Accounts ( Real A\cs & Nominal A\Cs )



The three "Golden Rule" of Debit & Credit based on
Classification of A/Cs are:-

1. Personal Account - Dr. the Reciever
Cr. the Giver

2. Real Account - Dr. What Comes in
Cr. What Goes Out

3. Nominal Accont - Dr. all Expenses & Losses
Cr. all Profits & Gains.
 
Is This Answer Correct ?    200 Yes 5 No
Pardeep Kumar
 
Answer
# 2
accounting means not only calculation of income &
expenditure. there are 3 typs of account golden rules which
describes the organisational financial details with the
help of these three rules.

1) nominal
2) real
3)personal


& for that all ruls are there.

for 1st all exp.are debited all gain is credited
2nd debit what comes in credit what goes out .
3rd debit the reciver & credit to giver.

this are the basic rules of accounting
 
Is This Answer Correct ?    152 Yes 9 No
Prasanna
 
 
 
Answer
# 3
In Personal A\cs - DR. the Receiver & CR. the Giver.
In Real A\CS - DR. what comes in & CR. what goes out.
In Nominal A\Cs - DR. all exp. & losses & CR. all profits
& Gains.
 
Is This Answer Correct ?    100 Yes 10 No
Pardeep Kumar
 
Answer
# 4
Personal Account - Debit the Reciever
Credit the Giver

2. Real Account - Debit What Comes in
Credit What Goes Out

3. Nominal Accont - Debit all Expenses & Losses
Credit all Profits & Gains.
 
Is This Answer Correct ?    78 Yes 3 No
Pushpalatha
 
Answer
# 5
THE MAIN THREE BASIC GOLDEN RULES IN ACCOUNTS ARE

1 > PERSONAL ACCOUNTS

2> REAL ACCOUNTS

3> NOMIMAL ACCOUNTS
 
Is This Answer Correct ?    60 Yes 8 No
Inayath Basha
 
Answer
# 6
Personal Account - Debit the Reciever
Credit the Giver

2. Real Account - Debit What Comes in
Credit What Goes Out

3. Nominal Accont - Debit all Expenses & Losses
Credit all Profits & Gains.
 
Is This Answer Correct ?    53 Yes 2 No
Surtha Keerthi
 
Answer
# 7
the three golden rules of a/cs is
1. personal a/c
debit the receiver
credit the giver
2. real a/c

debit what comes in
credit what goes out

3.nominal a/c

debit all expenses & losses
credit all income and gains
 
Is This Answer Correct ?    42 Yes 3 No
Pushkar Raj Sharma
 
Answer
# 8
The three "Golden Rule" of Debit & Credit based on
Classification of A/Cs are:-

1. Personal Account - Dr. the Reciever
Cr. the Giver

2. Real Account - Dr. What Comes in
Cr. What Goes Out

3. Nominal Accont - Dr. all Expenses & Losses
Cr. all Profits & Gains.
 
Is This Answer Correct ?    42 Yes 6 No
Swapnil Pol
 
Answer
# 9
nthe three golden rules of a/cs is
1. personal a/c
debit the receiver
credit the giver
2. real a/c

debit what comes in
credit what goes out

3.nominal a/c

debit all expenses & losses
credit all income and gains
 
Is This Answer Correct ?    34 Yes 3 No
Venugopal
 
Answer
# 10
1.Personal Account - Debit the Reciever
Credit the Giver



2. Real Account - Debit What Comes in
Credit What Goes Out




3. Nominal Accont - Debit all Expenses & Losses
Credit all Profits & Gains.
 
Is This Answer Correct ?    26 Yes 5 No
Preet
 

 
 
 
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