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 :: Accenture, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Oracle, Scope International, TCS, UCO Bank, WNS, Accounting, Ajuba, Northern Transport, TransWorld, Birla Tyres,     < I also faced this Question! >
 Question Submitted By :: dr. r.srinivasan
  Answer Posted By  
 
Answer
real a/c : debit what come in
credit what goes out

nominal a/c :debit all expenses & loses
credit all profit & gain

personal a/c :debit the recevier
credit the giver

Is This Answer Correct ?    753 Yes 166 No


 
  lucky
 
View All Answers
 
 
Please Help Members By Posting Answers For Below Questions
 
 Question Views   Select
 
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet 361
Comments Elements in accounting 291
What part can management policy play in the analysis of cost behaviour? 465
what is book profit 558
What is meant by Revenue Loss 325
What is back value adjustment/correction in Nostro Reconciliations? 3905
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it. 912
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability? 1390
fiscal year variant Vs posting period variant 354
How can fictitious assets be measured or valued? 362
why do you want to work here? 436
Expand---------DEP 316
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school 441
what is the difference between f.f.s and c.f.s? 663
why should the company give first perference to the perference shareholders? 462
E-Mail New Answers        Answer Selected Questions