What are accounting Principles?
Answer Posted / sirisha
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
Is This Answer Correct ? | 2503 Yes | 364 No |
Post New Answer View All Answers
How will you differentiate between Repo Rate and Revere Repo Rate?
Who are the partnering organizations with ifbi?
Do you know FDI limit in the insurance sector?
What are the features of preference shares?
Explain Dr.Hanry markowitz's portfolio selection model. And What are the strengths and weaknesses of Markowitz approach?
Differentiate between micro credit and micro finance?
What are the effects of 'inflation'?
What propositions should be kept in mind while working with debtors turnover ratio?
Do you think banking sector plays an important role in boosting the Indian economy?
How many types of subsidiaries does rbi have?
What is SLR and CRR? How SLR differs from CRR?
What do you mean by term Usury?
What is 'universal banking'?
What was the meaning of that sensex futures and options?
What were the issues which were demonstrated in the G - 8 summits recently and are drawing huge attention?