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
1. PERSONAL
2. REAL
3. NOMINAL

PERSONAL - DEBIT THE RECEIVER
CREDIT THE GIVER

REAL - DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL - DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS

Is This Answer Correct ?    34 Yes 4 No


 
  nirmal
 
View All Answers
 
 
Please Help Members By Posting Answers For Below Questions
 
 Question Views   Select
 
in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication) 424
EXPAND___________NAA 229
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES? 760
a bill for Rs.250 accepted by pritam, a costomer was passed through bills payble book (what will be the correct entry) 351
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey? 390
What are direct income and indirect income 347
what is debenture.? 407
Expand-------ANC 402
how to treat accounts receivables and accounts payables in accounting. Which entries are done . 280
What si the differance between REVENUE and PROFIT? 270
where we have file E-returns in SAP FICO-CIN/Wtax? 848
Expand-------SNAT 239
what is article of association? what is memorandum of association? 582
what is ledger account 282
how will you create the posting periods 3 and 5 or 5and 7? 377
E-Mail New Answers        Answer Selected Questions