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Categories >> Accounting >> Accounting AllOther
 


 

 
Question GOLDEN RULES OF ACCOUNTING
 Question Asked In Companies :: Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Oracle, Scope International, TCS, UCO Bank, WNS, Accounting, Ajuba, Northern Transport, TransWorld,     < I also faced this Question! >
 Question Submitted By :: dr. r.srinivasan
  Answer Posted By  
 
Answer
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 gains

Is This Answer Correct ?    3449 Yes 288 No


 
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