ALLInterview.com :: Home Page
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   Errors
   Testimonials Refer this Site  Refer This Site to Your Friends  Site Map  Contact Us      
   
 
Categories >> Accounting >> Accounting AllOther
 


 

 
Question what are the golden rule of accounting.
 Question Asked In Companies :: Patni,     < I also faced this Question! >
 Question Submitted By :: mayankjain_243
  Answer Posted By  
 
Answer
There are three accounts
1. Personal
2. Real
3. Nominal

The three golden rules are
1. personal Account
Debit the receiver & Credit the giver

2. Real Account
Debit what comes in & credit what goes out

3. Nominal Account

Debit the expenses & Losses & Credit the Income & gain

Is This Answer Correct ?    276 Yes 7 No


 
  swati shinde
 
View All Answers
 
 
Please Help Members By Posting Answers For Below Questions
 
 Question Views   Select
 
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books 504
cost accounting process 283
let me know the minimum Accounting Heads in an accounting system 2661
EXPAND___________NPO 190
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom? 326
Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail. 275
what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion. 352
Short Answer on ___________fluctuating capital 396
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please 315
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected 347
As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance... 310
What are direct income and indirect income 331
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ? 223
Expand-------BANT 200
what are the content of purchase order? 354
E-Mail New Answers        Answer Selected Questions