What are accounting Principles?
- 152 Answers
- 297012 Views
- Accounting, Banking, Eskom, EXL, Finance, Fluor Daniel, Genpact, HSBC, IBM, Infosys, JPMorgan Chase, State Bank Of India SBI, Syntel, Vibha Seeds, Wipro, Wrox, I also Faced
- E-Mail Answers
Answer Posted / anubhav
Accounting Principles are:
Personal Account: Debit the Receiver and
Credit the Giver.
eg. Bank a/c, Capital a/c, Outstanding Expenses/ Incomes.
Property /Real Account: Debit what Comes In and
Credit what Goes Out.
eg. Purchase a/c, B/R a/c, Patent a/c, Cash a/c.
Nominal Account: Debit all Expenses and Losses and
Credit all Gains and Incomes
eg. Salary a/c,Stationery a/c,Depreciation a/c,Interest a/c.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Explain the difference between retained earnings and net income?
Name some Prime Minister Social Security Schemes?
What are the different types of leases?
Are LIC policies used by people to save tax?
What is capital deficit?
What Entry Will Be Passed for Writing Off the Discount On Issue of Shares?
What is another term for investment banking division?
Tell about CTS?
Give Any Three Characteristics of a Company?
Why development of rural area is important (when told the function of NABARD)?
What is the role of actuary analysts in investment?
What is the situation of farmers in least developed countries?
Eplain the terms of any recent merger which had taken place in India.(*****)Please any one know about this explain.
Under Funds Managment, where a Company can park its idle funds temporarily (like call money market, treasury bills etc.,)to maximise the returns. I need answers elaborating various channels the Conmpany can invest wisely. Any Financial Controller can narrate his experience in managing the funds, which will be very practical for us.
how to sell a pen
