Interested to Buy Any Domain ? << Click Here >> for more details...
Golden Rules Accounts (15th nov-2009)
- 8 Answers
- 12647 Views
- Ernst Young, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guest
Personal Account: Debit the receiver
Credit the giver
Real Account: Debit what comes in
Credit what goes out
Nominal Account: Debit all losses & expesnses
Credit all incomes & gains
| Is This Answer Correct ? | 55 Yes | 2 No |
Answer / madan pal singh
Personal Account: Debit the receiver
Credit the giver
Real Account: Debit what comes in
Credit what goes out
Nominal Account: Debit all losses & expesnses
Credit all incomes & gains
| Is This Answer Correct ? | 24 Yes | 2 No |
Answer / shyam singh rana
Personal Account: Debit the receiver
Credit the giver
Real Account: Debit what comes in
Credit what goes out
Nominal Account: Debit all losses & expesnses
Credit all incomes & gains
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / srisailam
Personal A\c Debit the reciever
Credit the Giver
Real A\c What comes Debit in
What goes credit out
Nominal A\c All expenses losses Debit
All incomes and gains credit
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sanjai t s
Accountancy has only one Golden Rule,,,, As the base of
accountancy stands upon these Golden Rules:::::::::::
Personal A\c : Debit the receiver
Credit the Giver
Real A\c : Debit what comes in
Credit what goes out
Nominal A\c : Debit all expenses & losses
Credit all incomes & gains
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / suresh raichur
In Accounting three golden rules are followed to identify
the business activities:
1. Personal Account
Debit the received
Credit the giver
2. Real Account
Debit what comes in
Credit what goes out
3. Nominal Account
Debit all expenses & losses
Credit all incomes & gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rani
Debit what comes in
Credit what goes out
It's called Golden rules accounts
| Is This Answer Correct ? | 0 Yes | 0 No |
Need to know the treatement of Pre-Operative Expenses and preliminary expenses. How would you differentiate these two?
Explain the role of working capital in capital budgeting?
how to prepare brs statement for company in tally
What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).
Withhold Tax Types
hi friends... what it is the journal entry to be passed when the loan sanctioned by one bank and same the cheque was deposited in another bank on same day.? thanks & regards
What is mis report , how to prepare mis report for general ledger?
IFRS and its applicability in India
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
How do you maintain accounting accuracy?
Name three (3) equity security types
6 Answers FactSet Systems, ICICI, Shore Infotech,
How you will treat purchase of phones & software CD's in Tally. what are the heads for both.
Audit 
