ALLInterview.com :: Home Page
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   Errors
   Testimonials Refer this Site  Refer This Site to Your Friends  Site Map  Contact Us      
   
 
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
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 ?    1764 Yes 257 No


 
  santosh
 
View All Answers
 
 
Please Help Members By Posting Answers For Below Questions
 
 Question Views   Select
 
what is article of association? what is memorandum of association? 581
how many types of practice accounts? 324
In what cases can Convertible bonds be considerred as derivatives? 525
Short answer on _______Amendment 210
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690 2133
Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them 450
What is the Branch Accountant Responsbilities ? 1322
what can increase gearing? 807
What is Merger? 553
What is the due date for filing monthly & annual sales tax returns in karanataka 1981
What is Hot Issue Income for Hedge Funds? 4049
please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam 698
capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it) 538
EXPAND_________SEAMEC 248
Explain Cash Basis of accounting 328
E-Mail New Answers        Answer Selected Questions