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Categories >> Accounting >> Accounting AllOther
 
 


 

 
Question GOLDEN RULES OF ACCOUNTING
 Question Asked At :: HP, Transworld, Jp Morgan, Scope International, Bank Reconsilation Statment, ORACLE, ORACLE, Hwitt, Intel, Salary Payable In Which Accounts, Salary Payable Si Which Accounts, Hp, JP MORGAN, Flextronics, Ajsa, Zenpact, Personnal Account Rule, Tcs, Northern Transport, Uco,
 Question Submitted By :: dr. r.srinivasan
I also faced this Question!!     Answer Posted By  
 
Answer
Accounting is mainly classified under three categories
which are below,

Nominal Accounting: Debit all Expenses and Losses
Credit all Incomes and Gains

Personal Accounting: Debit the Receiver
Credit the Giver

Real Accounting: Debit What comes in
Credit what goes out.
Is This Answer Correct ?    1726 Yes 253 No


 
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