:: 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  
There are Three golden rules in accountings
Personal account:
Debit the receiver, credit the giver
Real account:
Debit what comes in., Credit what goes out
Nominal account:
Debit all expenses and losses,credit all incomes and

Is This Answer Correct ?    79 Yes 6 No

View All Answers
Please Help Members By Posting Answers For Below Questions
 Question Views   Select
What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it? 377
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc 411
what is futures and options? 439
fridge was capital or revenue? 463
How can I explain p2p process in SAP? 1492
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance. 386
Expand--------SRTA 276
what is the difference between Assets Allocation & Security selection? 934
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance. 546
What do u mean by pass through expenses? give examples, how it will be accounted & billed? 4083
Depreciation method to using Indian company names 326
Transfer nett profit of Rs 325000/- to Reserves and Surplus 580
it is better to invest in which securities short term/long term or both? please reason4 the same 419
Expand DEHM 267
what is internal audit 387
E-Mail New Answers        Answer Selected Questions