Interested to Buy Any Domain ? << Click Here >> for more details...
Accounting golden rules?
- 3 Answers
- 6805 Views
- ACS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / pooja rani
There is a 3 golden rules of accounting
1- Personal Account -debit the receiver * credit the giver
2- Real Account - debit what comes in * credit what goes
out
3- Nominal Account - DEBIT ALL EXPENSES AND LOSSES, CREDIT
ALL INCOMES AND REVENUES
| Is This Answer Correct ? | 22 Yes | 1 No |
Answer / akash
1.debit is the receiver & credit is the giver
2.debit what comes in & credit what goes out.
3.all expenses and losses are debit & all income and gains
are credit
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ashit kumar mallick
There is a 3 golden rules of accounting
1. PERSONAL ACCOUNT
2- IMPERSONAL ACCOUNT
Personal Account is divided 2 part that is called PERSONAL
ACCOUNT & REAL ACCOUNT
1 .Personal Account= Debit is the receiver Credit is the
giver
2 Real Account= Debit what comes in & Credit what goes out
IMPERSONAL ACCOUNT
Divided in 1 part that is called NOMINAL ACCOUNT
Nominal Account= Debit all expenses & losses Credit all
incomes & gains
| Is This Answer Correct ? | 1 Yes | 2 No |
wt is a/c
What elements of your job do you find most difficult?
how will rectify the error in trial balance.
What is capital adequacy ratio? What is demat account?
please give me information about h form and c form used for which items?
process for creating a balance sheet
what is golden rules of account?
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
What is purchasing order?
what is MIS report? What is CMS report?
We purchase goods worth rs. 25000 from shyam co. in credit. We paid him 20000 and rest we refuse to pay. What is the journal entry for it. This is not discount received.
Does paid up capital include Advace against Capital or Calls in Advance for calculating Networth of A company
Audit 
