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Question What are accounting Principles?
 Question Asked In Companies :: Banking, Eskom, EXL, Genpact, HSBC, IBM, Infosys, JPMorgan Chase, SBI, Syntel, Wipro, State Bank Of India SBI, Accounting, Finance, Fluor Daniel, Wrox, Vibha Seeds,     < I also faced this Question! >
 Question Submitted By :: nandu
  Answer Posted By  
 
Answer
there are 3 types of accounting principals
1. personnel accoumt:- debit the receiver and credit the
giver,
2. real account:- debit what comes in and credit what goes
out.
3. nominal account:- debit all expenses and losses and
credit all gains and incomes

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  sirisha
 
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