What are the 3 Basic Rules in Accounting.

Answer Posted / pushpendra

for personal account
debit to receiver
credit the giver


for real account
debit what comes in
credit what goes out

for nominal account
debit all exp/losses
credit income/gain

Is This Answer Correct ?    743 Yes 63 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?

1801


Expand CCIT?

2005


You have joined company yesterday then you are Appling B1 visa today. why so urgent.

1696


Expand------------STRA

1629


cash sales and credit sales both are asset or liability?

1001






Data flow of Accounts payable to General ledger?

1246


What is Acquisition?

2036


How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

1726


difference between office expense and miscelleanous expense with some examples

1586


What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?

1718


how to solved the shares qusionas ?

1607


what is circuit filter?

1491


selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety

1602


I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

1305


how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000

1623