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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1900)
 Accounting General interview questions  Accounting General Interview Questions (2813)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
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
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Expand----------MSRT   1
Explain the effect of closing stock on gross profit and net profit. comment on the financial health of their business.   2
what is fund flow defination Amara-Raja 1
Why always Balance Sheet Tally?   3
How to treat the provision for bad debts which appear on credit side of the p&L A/c. Capital-IQ 6
What is the types of accounts & it's rules ? WNS 17
what is the journal entry for credit sale and credit purchase? HP 17
Define mortgage   2
Expand-----TOA   1
WHAT IS RATE OF INCOME TAX FOR THE ASS.YEAR 2009-2010? ICICI 3
what is direct tax or inderect tax? all uses form with fill up full?   3
WHAT IS ER-1, ER-2, ER-3, ER-4, ER-5,ER-6,ER-7   20
 
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