what are the golden rule of accounting.

Answer Posted / sikkam rathee

Three Golden Rule Of Accounting :
PERSINAL A/C--
Dr. the Reciver
Cr. the payer

REAL A/C --
Dr. what comes IN
Cr. What goes OUT

NOMINAL A/C--
Dr. All Expanses
Cr. all gain & Income

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

commisiion recieved journal entry and receipt required

1016


what is automatic payment in sap fico

1623


Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?

1600


Hello to every body ... Its not its not a interview question In accounting field can we make Money ?

1467


i have completed my MBA with finace background. am intrested to learn oracle finace.can you suggest me which are good instittues in hyderabad.at area wise.

1734






What is invoice accounting rules?

1348


define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09

1725


Short Answer on ________Accounts Payables

1513


after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.

1856


Expand--------OTA

1705


What is wealth maximisation

1628


KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)

1548


how can i make transaction related to inflation account in sap ?

1578


EXPAND___________INMA

1533


Expand-------NBTA

1658