Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


What are the rules of Account?

Answers were Sorted based on User's Feedback



What are the rules of Account?..

Answer / kailash kamble

1. Real Accounts : Debit what comes in
Credit what goes out

2. Nominal Accounts : Debit All Expenses And Losses
Credit All Income And Revenue

3. Personal Accounts : Debit the Reciver
Credit the Giver

Is This Answer Correct ?    31 Yes 1 No

What are the rules of Account?..

Answer / sarita singh

personal a/c
dr. the ricever cr.the giver

real a/c
dr. what comein cr. what goesout

nominall a/c
dr. all expenses/loss cr. all incom/gain

Is This Answer Correct ?    15 Yes 1 No

What are the rules of Account?..

Answer / mohd.nayeem islaahi

Personal A/c
Debit The receiver credit giver

Real A/c
Debit what comes in credit what goes out

Nominal A/c
Debit all expenses or losses credit All incomes or gains

Is This Answer Correct ?    10 Yes 0 No

What are the rules of Account?..

Answer / hussain

1. Real Accounts : Debit what comes in
Credit what goes out

2. Nominal Accounts : Debit All Expenses And Losses
Credit All Income And Gains

3. Personal Accounts : Debit the Reciver
Credit the Giver

Is This Answer Correct ?    7 Yes 0 No

What are the rules of Account?..

Answer / aashutosh biswas

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER

Is This Answer Correct ?    6 Yes 1 No

What are the rules of Account?..

Answer / swaranjali

Every debit effect should have corresponding credit effect.

Is This Answer Correct ?    0 Yes 0 No

What are the rules of Account?..

Answer / ch.brahmaji

2types of rules of accounting
1) personal accounting
2) impersonal accounting


1) personal accounting in that include of only personal
related to account rules
1 natural person
2 artificial person
3 Representative person rules of using

PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER


impersonal accounting
1 nominal accounting
2 real accounting


NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

real accounting is assets
in that many types of assets are like fixed assets ,current
assets ,


REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OU

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Accounting General Interview Questions

What are the rules of Account?

7 Answers  


difference between rent office rent

1 Answers  


what is entry of loan & Advance given to Client Rs. 4 crore @ 3% per month for one year,Interest Recievable,Interest Recd.

2 Answers  


A sole trader run a business, and he takes every month fixed salary, he says this salary should not be affect in profit and loss a/c, he wants this salary transfer to his capital a/c, means he wants increased his capital - My question is as per the accounting system is it possible?  

1 Answers  


If i have started a new institution than what are the entries i have to passed in tally

2 Answers  


I M DIVISIONAL ACCOUNTANT. POSTED IN TAMILNADU. MY NATIVE STATE IS BIHAR. I WANT TO KNOW, WHAT R THE RULES OF CADRE TRANSFER. I M FACEING HERE SOME PROBLEMS

1 Answers  


What is the meaning of Central Excise and State Excise Duty & also want to know differnec between them

2 Answers   Genpact,


What is Profit and Loss Account? What is Balance Sheet?

4 Answers  


what is debit note & credit note?

2 Answers  


ten example of direct income

1 Answers   Genpact, HCL,


how to select afile in window vista

1 Answers  


Withhold Tax Types

0 Answers   Accenture,


Categories