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 ?    279 Yes 7 No


 
  swati shinde
 
View All Answers
 
 
Please Help Members By Posting Answers For Below Questions
 
 Question Views   Select
 
what would you contribute for bhels growth 407
Expand---------MDOT 273
impairment & Amortisation Means 302
Up to what time we can show TDS Receivables under Advance Income Tax A/c? 295
Expand RMP 241
tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation? 710
What is PE ratio formula ? 401
service tax form no ? What is CC Limit ? What is branch accounts? 348
What are the duties of sales tax department? Explain it 426
fill in the Blanks Share Holders in Company have _____________Liability 277
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs? 484
Explain the word Liquidation 300
which name written in Tan application form Applicant is sole proprieter companies name or individual name? 297
which are the basic princeples of accountancy... with examples 486
How do you manage the sales account in tally 358
E-Mail New Answers        Answer Selected Questions